Student fees on the cheap. (From York Press)
Get in touch: send your photos, videos, news & views by texting YORK to 80360 or send an email»
.. bit by bit for years, interest free?
7:05pm Thursday 9th December 2010
By George Appleby »
Graduates will repay their fees with ever cheaper money over many years as inflation devalues it, and their pay increases to meet the ever rising costs of living.
The extra tax they eventually pay from high earnings will be no higher than that paid by others who have reached the same high earnings without the advantages of a university education. They will also have been paying tax for years before the graduates start.
The furniture we bought to set up home in 1950; dining suite £50 + 2 fireside chairs £20. If we could have paid that off bit by bit, interest free?, with cheap money as our earnings increased to meet inflation, that would have been wonderful.
Readers who submit articles must agree to our terms of use. The content is the sole responsibility of the contributor and is unmoderated. But we will react if anything that breaks the rules comes to our attention. If you wish to complain about this article, contact us here
