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by b3kart
2420 days ago
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£45k is for international (that is non-EU, for now, sigh) students, right? It’s £27k otherwise. Which is still a lot, but I think we shouldn’t complain: it’s much less than what top US schools charge, and the tuition loan conditions are extremely manageable. I.e. no job == no payments. So I would say it’s a safe investment, especially for a profession with so much demand in the foreseeable future. |
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You're quite right it's £27,750 for home/EU students currently, but I'm including maintenance/living costs in my figure too which realistically will probably be about 5-6k a year. Some universities make working part-time more feasible than others, which can help with this aspect.
If you're international, the total can be closer to £90k after three years (based on a band 2 UG course @ Warwick + £5k per year maintenance/living costs).
>I think we shouldn’t complain: it’s much less than what top US schools charge
I'd respectfully disagree - aiming to be better than the US sets an incredibly low bar. Just like their healthcare, US education is ridiculously expensive and some of the (private) loans seem almost predatory. We should be looking at Europe where in quite a few countries tuition is a few hundred euros a year. Or, thinking back a few years where tuition was £3k or free entirely.
>the tuition loan conditions are extremely manageable
It's definitely a forgiving loan in terms of repayments - but my loan accumulated interest at ~6.3% whilst I was still studying with no proper income. That interest rate is worse than a bank loan.
If you want to take advantage of not having to repay the loan, you're essentially betting against your future earnings potential.