I enrolled at university in 1997, the year before the UK government took away student grants. Meaning the students who came after me were going to be saddled with more debt and higher cost for the same education. Now that’s what I consider grossly unfair.
Nothing is wrong with debt if you are getting it to pay off a decent degree.
Government provided student loans are one of the few uses of taxpayer money I don't mind, because it is revenue neutral in the medium term ( when people pay back their debt) and revenue positive on the long term.
That breaks when:
1) You fund worthless degrees
2) You bail out student loans.
Why can't a plumber earning less than $125000 a year get $10000 off their truck payment?
thehill.com
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