Friday 2 September 2011

Liz's Tuition Fee Rise Blog and epetiion

 As some may have noticed my art production has been diminished over the last couple of months, this is because I have been focused on the impending tuition fee policy. I have researched through letters to my MP and government departments and have now set up a blog to disseminate what I have found out. I have also set up an epetition on it. This requires 100,000 signatures to initiate government debate.

  Epetition:      http://epetitions.direct.gov.uk/petitions/12760
Blog: www.tuitionfeerise.blogspot.com
If you are concerned please sign the petition. It is particularly worded as what most people are unaware of is that until the higher Education bill is passed the government does not have everything it needs in place to implement its policy. It is still only now consulting on early repayment policy. 2012 entrants are being asked to commit to a loan for which the terms are not yet finalised.

Important points to be aware of:

Of those who payback the whole loan those who earn least will in real terms pay most due to RPI increase and compound interest.

What most will never manage to payback is not the initial loan but the loan plus its RPI and compound interest.

Part of the borrowed fee (the subsequent debt) will be redistributed as fee waiver to other students.

The vote to raise the cap was passed by only 21 votes, 14 of which were those of Scottish and Welsh MPs whose constituents will not be affected.

The claimed £100,000 graduate premium is untrue for many degrees.

All these issues and others are discussed further in my blog.

Please pass this onto anyone you think might be interested.

Kind regards,
                        Liz

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