In 2017, university fees went up by £250 which caused an uproar for students. A Second year student, Alicia Brand, said: ‘Fees went up this year, even though i’m learning the same amount of stuff with no new benefits… I just want to know where my money is going!’
While this may seem bad enough, many students are paying for more than what their degree is worth according to a National Audit Office (NAO) report and non-graduates are resulting in making more money than graduates, raising questions as to whether the increasing debts that come alongside the degree are worth it.
The head of the National Audit Office, Sir Amyas Morse has said: ‘Young people are taking out substantial loans to pay for courses without much effective help and advice, and the institutions concerned are under very little competitive pressure to provide best value. If this was a regulated financial market we would be raising the question of mis-selling.’
Despite student debt being wiped after 30 years, a majority of students know that they won’t be able to pay off the whole fee. First year student, Indie Cooper said ‘ I don’t think I’ll pay off my student debt when I finish uni, i’ll probably get a good job but not good enough to pay out however much it is.’