Reports and Campaigns

spotAbout the Socialist Party

spotAnti-capitalism

spotAnti-privatisation

spotAnti-war

spotElection campaigns

spotEnvironment

spotHealth

spotSocialist women

spotWorkplace

spotYouth and Students

All keywords


Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Anti-capitalism keywords:

Anti-capitalism (5)

Anti-capitalist (32)

Big business (302)

Big-business (9)

Capitalism (857)

Fat cats (45)

Mcdonald (17)

Mcjobs (2)

Occupy (24)

Prague (6)

Ttip (18)

Wikileaks (6)

Workers Rights (1)


Reports and campaigns:

Anti-capitalism (1237)

Anti-fascist (561)

Anti-racism (704)

Anti-war (1488)

Asylum (211)

Black and Asian (394)

Children (377)

CNWP (108)

Corporate crime (2)

Disability (201)

Education (3914)

Election campaigns (2448)

Environment (608)

EU (450)

Finance (99)

Food (270)

Health and safety (33)

Health and welfare (315)

Housing (1036)

Human Rights (380)

LGBT Pride (143)

Local government (2180)

Local services (3658)

Low pay (509)

Migration (56)

Nationalisation (145)

New workers party (467)

NHS (1842)

Pensions (701)

Post Office (222)

Poverty (573)

Privatisation (1017)

Public Services (1131)

Socialism (872)

Socialist (43)

Sport (196)

Stop the slaughter of Tamils (90)

Students (1829)

The state (1368)

Transport (551)

TUSC (999)

Welfare rights (716)

Women (763)

Workplace and TU campaigns (8261)

Youth (1966)

Related websites

Youth Fight For Jobs

Trade Unionist and Socialist Coalition

National Shop Stewards Network

Tamil Solidarity


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 937, 22 February 2017: Support the NHS? Join the march!

Search site for keywords: Fees - Student - Debt - Education - Students - Tories - Pay - Grants - Privatisation - University - Tuition Fees - Big business - Higher Education - Low-paid

Stop the student loan sell-off - scrap all fees

Socialist Students marching for free education, 2016, photo by Isai Priya

Socialist Students marching for free education, 2016, photo by Isai Priya   (Click to enlarge)

Mary Finch, King's College London Socialist Students

The Tories are once again trying to privatise student debt.

If the plans go ahead, students could be facing a debt crisis on an unprecedented scale. It's unlikely the Tories plan on stopping privatisation at historic debt.

Along with the attacks in the Higher Education Bill, a precedent will be set for mass privatisation and marketisation of education. The government has already relieved itself of responsibility for maintenance grants.

Their first attempt in 2014, which would have sold off all pre-1998 loans, failed. The current proposal is to sell off all pre-2012 student debt.

In both instances, the proposals were justified by arguing that selling off student debt to the private sector increases government income from loans.

For a start, student debt is an exclusionary and inefficient way to fund education. Nationalising the banks and top corporations could pay for free education at all levels for everyone who wants it, and a lot more besides.

But even in the context of the loan system, the Tories' claims are utterly false. Privatising the debt would mean a lump sum, not the steady income the government currently collects. Only the Tories' big business friends would benefit.

The vast majority of students - like myself - took out their undergraduate loans on the promise that we wouldn't have to pay them back until we were earning at least a certain (modest) income.

Many students will soon have postgraduate debt added to that as well. The loans for masters and PhD courses introduced last year are the only route into postgraduate education for most students.

Rising tuition fees and living costs have recently meant dropping numbers of applications for university. But it's possible that, in the short term, this new level of access to postgraduate education will mean many students - often desperate to get an edge in a low-wage, insecure jobs market - increasing their debt even further.

That means some could have up to 71,000 of debt, not including interest. That same insecure and low-paid work means there's no way most can pay it back.

The Socialist Party says no to the sell-off. Scrap all student debts and fees, and restore maintenance grants, to make education truly accessible to all.






Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Related links:

Fees:

triangleUni market 'failure', two-year degrees - end cuts, scrap fees!

triangleMarch for free education! We demand a future!

triangleSocialist Students actions against uni fees on Budget Day

triangleWalk out against tuition fees on Budget Day!

triangleJoin the budget day protests!

Student:

triangleLiverpool John Moores Uni landslide for Socialist Students

triangleSocialism 2017 Socialist Students meet-up

triangleLively student demonstration for free education could have been much bigger

Debt:

triangleA world in crisis, ripe for revolution

triangleRetail sector crunch: nationalise to save jobs

triangleAmber warning lights flash on British economy

Education:

triangleBrighton victory

trianglePlans to launch no-cuts campaign at Kirklees College

Students:

triangleDemonstrations by uni students and staff greet Bath vice-chancellor resignation

Tories:

triangleBrexit deal no solution to Tory rifts

Pay:

triangleArriva bus drivers' action wins pay rise

Privatisation:

triangleSouth London health bosses' cover-up

University:

triangleBrighton Uni lecturers strike against job cuts

Tuition Fees:

triangleSocialist Students day of action demands free education

Big business:

triangleTories torn - bin them now

Higher Education:

triangleNasty party imploding...drive out the Tories

Low-paid:

triangleMixed-fleet workers show strikes get results