2012 Universities in England will transfer the cost of courses from State to Student!
Fees will rise to £6000-£9000 per year from the current fee of £3,290 per year.
Students in the likes of London (where living costs are higher) doing a minimum of 5 year courses (Medicine/Law) could find themselves in debt to the Student Loans Company anywhere from £50K-£65K.
What this means is you start repaying your debt once you earn over £21,000. You pay back 9% of year £21,000 salary until your loan is repaid, up to a maximum of 30years, after this point your loan is written off.
The good news well sort of is that if you never earn more than £21,000 you won't be liable for a penny.
Give us your feelings on tuition fees....
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Posted: 21. March 2011 11:31