Budget 2015 – What It Means For Prospective Students

Raspberry Review

What strikes me most about George Osborne’s budget announcement is it really comes as no surprise. I can honestly say, with no great pleasure, that the general theme of Osborne’s declaration was predictable.

There is one aspect in particular that stole my attention. Student finance – should we even be calling it that any more? Maintenance Grants are to be abolished; replaced by an all-encompassing Loan, meaning future graduates will owe even more. Hand-in-hand with the rise in tuition fees, the subsequent interest students rack up is gradually becoming out of hand. Surely the government will be losing out in the long-term – higher fees and dependency on loans means more and more potential talent will simply turn away and refuse to take the university gamble. But perhaps therein lies Osborne’s intention, as wealthy enough individuals bypass the loans system entirely. It’s like Labour Party propaganda playing itself out (The…

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