| > | | | | each graduates entering the university. |
| Education loans for college and university students | | | | Another big NO for the new loan system is college |
| have become very popular among UK students now. | | | | and university graduates’ dependence on large |
| There are two reasons for their popularity: 1) there | | | | mortgages which would make them pay government |
| has been an increasing number of full-time students | | | | money for 20 years after they have graduate their |
| who are not able to find a part-time job for additional | | | | academic institution. Although such payback term has |
| income; 2) tuition fees has enlarged significantly; more | | | | been calculated in order to reduce monthly payments |
| and more families are simply not able to carry such | | | | for the loan, the 20-year interest rate payments |
| burden. | | | | make such loan incredible! The government’s |
| Government education regulators are trying to | | | | democratic principle on education accessibility for all |
| provide new loan systems which would fit all | | | | students would simply discourage many school |
| students and make higher education accessible for all | | | | graduates and bring in the idea of not entering |
| students, even those ones from the poorest families. | | | | university or college at all. For many the idea of |
| The new loan system should allow students to not | | | | mandatory employment just after having graduated |
| worry about payback till they find a job and their | | | | from university would seem like obligation which dos |
| earnings reach the value which is good enough for | | | | not leave any freedom in students’ choice of |
| monthly paybacks. | | | | their future career and even lifestyles. Many would |
| The new systems are aimed to considerably solve | | | | have to leave university before they graduate from |
| the question of education democratization, therefore | | | | it in order to keep their future on their own. |
| the new loan system for students has a 20-year | | | | However, the UK new government loan systems |
| mortgage program and it evolves the new access | | | | would definitely have an army of advocates who |
| regulator positions. This access regulator will be an | | | | would adhere to some political slogans of |
| official who would regulate the entry process in order | | | | democratization of the UK society and education |
| provide fair and equal possibilities for all school | | | | system. Some political parties would use the idea to |
| graduates. | | | | promote their regulations and programmes. |
| Although the democratization principle looks great it | | | | The new education loan system has definitely many |
| involves government regulator’s control under | | | | advantages and is worth developing and advancing. |
| academic schools and universities. Such control would | | | | However, there is a certain room for evolvement of |
| simple cut academic freedom of colleges and | | | | some other loan systems and government education |
| universities where their managers and tutors would | | | | programs in order to give students the free choice |
| have to look back at this regulator for his | | | | of that one which would fit each student depending |
| yes’ or no’ answer regarding | | | | on his/her income, future career and lifestyle. |