Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/937/24692

From The Socialist newspaper, 22 February 2017

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.

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


In The Socialist 22 February 2017:


Save our NHS!

Support the NHS? Join the march!

Health cuts responsible for rise in deaths - reverse all austerity now

Stop victimising NHS whistleblowers


International socialist news and analysis

Dublin: #JobstownNotGuilty


Fighting the cuts

Leicester Unison no-cuts budget call

Bristol: Hundreds march against council cuts

Tower Hamlets anti-cuts budget lobby


Socialist Party news and analysis

30% of people on inadequate incomes in UK

Stop the student loan sell-off - scrap all fees

Argos fails to pay staff minimum wage - taxman cuts fine in half!

What we saw


February Revolution 1917

February revolution 1917 - what lessons for today?


Socialist Party workplace news

Aslef members reject Southern deal - now for coordinated action to fight to win

Tata pension deal: 'Gun to the head' offer accepted

Unison Women's Conference

Workplace news in brief


Socialism not Trumpism

Socialism not Trumpism: Thousands more protest and plan to walkout


Socialist Party reports and campaigns

A world to win - give us the resources!

Socialist Party regional conference reports

Obituary: John Pickett - 1954-2017

Wallasey Labour remains suspended despite collapse of allegations


Socialist Party comments and reviews

Worried about fake news? Start with Labour councils' budget lies

Organise to reverse 28% rise in violence against retail workers

The Socialist Inbox

Web series review: Cooked - "How capitalism ruined eating"


 

Home   |   The Socialist 22 February 2017   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Fees:

triangleTop unis threaten cuts if tuition fees

triangleSocialist Students LJMU victory

triangleNational Union of Students faces bankruptcy

triangleThe Tories' letting fee ban is full of holes - we need rent controls and council homes!

triangleStudents and workers unite and fight

Student:

triangleClimate change protest in London on 12.4.19, photo Mary Finch

triangle'Reforms' hollow out the NUS

triangleReject the rotten NUS 'reforms'

triangleFor socialist change, not climate change!

Debt:

triangleCuts drive council tax debt

triangleHarrowing accounts of austerity at Unison women's conference

triangleNew recession fear stalks the world economy

Education:

triangleSchool staff demand action on pay and testing at NEU conference

triangleNEU conference: organise for the key battles to come

Students:

triangleLondon Socialist Students: How to launch a students' union at your school

Tories:

triangleTories facing electoral meltdown

Pay:

triangleVital local strikes and a national pay ballot - vote for a fighting leadership

Grants:

triangleMobilise against rip-off executive pay

Privatisation:

triangleStop Tory NHS destruction

University:

triangleStop post-16 education cuts

Tuition Fees:

triangleStruggling unis account for bulk of unconditional offers - end education marketisation!

Big business:

triangle100 billion for bosses - cuts for us.

Higher Education:

triangleUniversity and College Union: anti-union laws frustrate strike ballot again

Low-paid:

triangleNewham bin workers ballot for strikes

News and socialist analysis

News and socialist analysis

17/4/19

Labour

Labour looks to Bank of England to stall house prices

17/4/19

Cuts

100 billion for bosses - cuts for us.

17/4/19

Minimum wage

20 years of the minimum wage: Fight for a real living wage for every worker

17/4/19

Tories

Tories facing electoral meltdown

17/4/19

Climate change

Labour needs socialist policies to solve "climate emergency"

17/4/19

Council tax

Cuts drive council tax debt

17/4/19

Cuts

No-fault evictions ban, but cuts leave tenants vulnerable

17/4/19

Wikileaks

Assange arrest: US and allied governments seeking revenge for exposing dirty wars

12/4/19

Climate change

Extinction Rebellion

10/4/19

Equal pay

Gender pay gap widening

10/4/19

Brexit

Corbyn must demand election, defend workers' interests and fight for a socialist Brexit

10/4/19

Socialism

Them & us

10/4/19

NHS

Stop Tory NHS destruction

10/4/19

Brexit

Boot out the Tories - end austerity

10/4/19

Environment

Only socialism can stop capitalism's plastic problem

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


April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999