Fear Of Debt Will Keep Poor Away From University, High Debts For High Education.posted on 16 July 2010 | posted in General Category | ( 0 ) CommentsThe current system of university funding is "fatally flawed," student leaders have warned. They were responding to a survey by the Association of Investment Companies (AIC) which showed that the economic downturn is already making it harder for some parents to support their children through higher education. The poll showed that more than eight out of 10 parents agreed the recession would make it harder for them to support their children during their university careers. But many severely underestimated the level of graduate debt, with less than one in five believing their son or daughter would be in the red for more than £20,000 after three years. Responding to the survey, NUS president Aaron Porter said the current system of university funding was "fatally flawed." He warned that the threat of large amounts of debt was "hugely discouraging" to prospective students, particularly those from poorer backgrounds. "Despite the fact that so many parents underestimate how much debt their children will accrue, the vast majority of the public oppose an increase in the cap on tuition fees which would usher in mortgage-style debts," he said. AIC communications director Annabel Brodie-Smith said the recession had clearly made it even harder for parents to fund their children's university education. "The reality on graduation is a huge financial burden which will take years to pay off," she said. Share this blog entry:
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