Most female graduates won’t have to repay their loan after the tuition fees increase next year
As the country prepares for another rise in tuition fees, which will amount to £9,000 a year at the majority of Britain’s higher education institutions, it has been suggested that around 80 percent of female graduates won’t have to pay back their student loans because they would be earning less than the £21,000 threshold, at which people begin repaying the loans.
This may be encouraging news for the Coalition, which has witnessed fierce protests from hundreds of thousands of students in recent months. However, what is truly concerning is the fact that such a large number of graduates, who would have paid as much as £36,000 for their tuition fees could become increasingly inclined to steer away from or even turn down higher paid jobs so that they won’t have to pay back the full amount of their fees. For example, a 30-year-old woman who owes £28,000 in student loans and who earns £20,000 a year would be better off for the next five years of her life if she continues to earn the same amount of money than having a job that pays her £5,000 more each year, requiring her to repay the fees.
Meanwhile, the government says graduates earn over £100,000 more in their lifetime than people who have never been completed a degree. However, this is an average figure, which can vary greatly. Someone who doesn’t make it into the top jobs at r4i or RBS but earns just enough to be eligible to repay their loan may even wonder what the financial incentive was to earn a degree in the first place.the second phase of training will require you to train i a rep range of 10 -12 reps 3 sets
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