Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/957/25880

From The Socialist newspaper, 26 July 2017

Abolish tuition fees and student debt!

PA anti-austerity demo 1.7.17, photo Mary Finch

Click for gallery. PA anti-austerity demo 1.7.17, photo Mary Finch   (Click to enlarge)

Clare Laker-Mansfield, Socialist Students national organiser

Jeremy Corbyn's election pledge to abolish tuition fees, with the bold promise that this would be fast-tracked to come into effect from September, was one of the most attractive and popular offers in Labour's manifesto.

Combined with other socialist policies including a 10 an hour minimum wage, nationalisation and an end to austerity cuts, it was a major factor in generating an enthusiastic surge in support for Corbyn. Almost two-thirds of voting 18-25 year olds are thought to have backed him.

This should come as little surprise, especially when you consider the staggering debt levels of graduates - last year, 44,000 on average. Students from disadvantaged backgrounds often end their courses owing as much as 60,000 for a three-year degree.

To make matters worse, interest rates are set to increase to 6.1% from September. This means the (already huge) sums owed will quickly escalate. With falling wages and increasing levels of insecure and low-paid work among graduates, this all adds up to a lifelong debt burden. Outstanding student debt in the UK has now reached over 100 billion in total.

It was therefore very warmly received when, during an interview in the lead up to the election, Corbyn hinted that, as well as abolishing fees, he might support writing off existing student debt.

Costings

Unfortunately, it appears that Corbyn is not prepared to commit to this. On the Andrew Marr show he said that, at the time of his pre-election comments, he had not known the full 'costings' for such a policy and was therefore unable to make such a commitment.

In an example of truly breath-taking hypocrisy, the Tories have seized on this as an opportunity to attack Corbyn for 'lying' and to repeat their refrain that Corbyn's policies are unaffordable. Almost like a pincer movement, the Tory attacks have been combined with the renewed attempts from Labour's right at undermining him.

The Blairites are also opponents of Corbyn on the question of free education. Indeed only recently at a Progress conference, Blairite MP Wes Streeting admitted that, far from wanting to wipe out student debt, he actually opposed free education altogether!

But Corbyn makes a mistake by agreeing to the terms of debate as set out by the capitalist establishment on the question of 'costings'. The reality is there is enormous wealth in society - far more than enough to eliminate student debt many times over.

During the banking crisis over 850 billion (and billions more in 'quantitative easing') was found in order to save capitalism from itself. Bailouts are acceptable for super-rich banksters - but for working class people struggling to pay back extortionate tuition fees they are 'simply unaffordable'.

Corbyn should boldly call for the abolition of student debt. As a first idea for how to fund it - how about nationalising the banking system we bailed out, with compensation to shareholders only on the basis of proven need? Their huge profits could then be used for the benefit of society.

With the government on the ropes Corbyn must go on the offensive, taking on both the right in his own party and the Tory government, and putting forward the kind of socialist programme necessary to transform society in the interests of the 99%.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 26 July 2017:


What we think

Right wing attempts to use single market against Corbyn


Socialist Party workplace news

Barts health strike: Low pay, no way!

Birmingham bin workers stand firm

Bron Afon workers strike against 3,000 pay cut

Court victory for PCS and all trade unions

Tesco's 10% pay increase accompanied by cuts and job losses

Mears workers escalate action to all-out strike

Workers' campaign underway to stop ward closure

Workplace news in brief


International socialist news and analysis

Building workers' struggle and the forces of international socialism


Socialist Party news and analysis

Abolish tuition fees and student debt!

Education cuts: Tories buckling under public pressure

BBC yawning pay gaps revealed

Homelessness and evictions soar under the Tories

Them & Us


Art and the Russian revolution

Russia 1917: how art helped make the revolution


Young Socialists

Young people...fight for a future, fight for socialist policies


Grenfell Tower

Grenfell survivors tell Tories: "Step down and resign"

Vigil for Grenfell

Tenants' meeting reveals huge anger


Socialist Party reports and campaigns

Corbyn visits Southampton on marginal seat tour

Huddersfield A&E closure referred to Jeremy Hunt

From Militant to the Socialist Party - what you thought

Socialist sales at Salford station

Street cleaners support the Birmingham bin strike

'Freedom riders' lobby against violent policing

Council meeting abandoned after undercover policing protest

Education cuts forced back in Hackney

Southampton councillors faced with angry anti-cuts campaigners

Plans to bring A-levels back to Knowsley abandoned


 

Home   |   The Socialist 26 July 2017   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Debt:

triangleBritish capitalism in crisis

triangleLecturers strike around country in defence of pensions

trianglePrivate profit out of our NHS

triangleTunisia: explosion of protests against government austerity

triangleA world in crisis, ripe for revolution

Tuition Fees:

triangleStudent leaders claim one million on the streets against Brexit - fight for a workers' exit

triangleStrike continues: set dates for next national action

triangleMobilise against rip-off executive pay

triangleSocialist Students day of action demands free education

Student:

triangleHow 'Prevent' training fosters racist paranoia

triangleStop Trump! Build for 13 July student walkouts

triangleSpain: Student general strike against sexist, capitalist 'justice' system

Fees:

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

triangleMarch for free education! We demand a future!

Election:

triangleStrike together to kick Tories out

Education:

triangleCongress shut down by staff walkouts

Government:

triangleJordan: Workers and youth remove prime minister and demand end to austerity

Students:

triangleCampaigning in Southampton for school and college walkouts when Trump visits Britain on 13th July

Socialist Students:

triangleSocialist Party members inspired by revolutionary events

Jeremy Corbyn:

triangle#NorthernFail: 250 rail services cancelled

Manifesto:

triangleHow can Corbyn's programme be implemented?

News and socialist analysis

News and socialist analysis

13/6/18

Trump

Five reasons to walk out on 13 July

13/6/18

Women

How can we fight for trade unions that fight for women?

13/6/18

Grenfell Tower

Grenfell: still waiting for justice

13/6/18

Them & Us

Them & us

13/6/18

London

Pay rises of 283% needed for most to afford London homes

13/6/18

Retail

Retail crunch: more giants on their knees - nationalise them now

13/6/18

Carillion

City vultures make millions from Carillion chaos

6/6/18

RMT

RMT rejects Labour affiliation - now step up the fight for workers' political representation

6/6/18

NHS

Stop the Tory NHS wreckers

6/6/18

COPS

Socialists defend Lush ad campaign against spy cops

6/6/18

Rail

#NorthernFail: 250 rail services cancelled

6/6/18

RMT

RMT special conference debates political strategy

30/5/18

Tories

Strike together to kick Tories out

30/5/18

Trump

United working class movements can defeat Trump

30/5/18

Nationalisation

Socialist nationalisation: what it is and why we need it

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999