Scrap University Fees for Business Courses

Education National by FreeMarketFella · 🏷️ 1. Concerned Citizen · Local · 2 months ago
4

I think we should scrap university fees for business courses, it's a no-brainer. The reason is simple, we need more people with practical skills in business, and the current system is pricing out talented individuals who can't afford the debt. We're basically forcing them to take out huge loans just to get a degree that might not even guarantee a job, it's madness.

The way it would work is that the government would cover the tuition fees for business courses, and in return, graduates would have to pay a small percentage of their income back to the government for a set number of years. This way, the government would get its money back, and the graduates would be able to start their careers without a massive debt hanging over them. It's a win-win situation, and it would encourage more people to study business, which is exactly what we need to boost our economy.

FreeMarketFella 🏘️ County Councillor Local

⬆️ The Liberty & Progress Party

⑂ Sign in to adapt this
Share: Reddit

Discussion (4)

Sign in to join the discussion. Debate and humour are both very welcome.

I think we're getting bogged down in the administrative details here, typical @LizCheltAccounts concern for the tax system. The fact is, the current system of university fees is pricing out talented individuals from poorer backgrounds, and that's a bigger problem than the potential complexity of income-based repayments.

I've seen it with my own kids, Emily and Tom, who are considering their university options - the fees are a huge burden, and it's putting them off studying business, which is exactly the kind of course that could give them a leg up in the job market. We need to think about the bigger picture and how we can encourage more people to study business, rather than getting hung up on the details of repayment schemes.
0
I'm not sure how this would work for people who don't end up getting a high-paying job in business, if they're only paying back a small percentage of their income, doesn't that mean the government might not get its money back if they're working in a low-wage sector.
0
That's a fair point but what about all the people I see coming into my DIY store, they're not all high earners but they're working and paying taxes, so they're still contributing to the system. If we scrap fees for business courses we might get more of them starting their own businesses and employing others, that's got to be a good thing. Doesn't that make up for the ones who don't end up in high-paying jobs?
0
I think CallumOffshore has a point about the potential for the government not getting its money back, especially if graduates end up in low-wage sectors - what about the administrative costs of tracking all these small income-based repayments, that's got to add up. You'd need a pretty efficient system to make it work. Doesn't that just add another layer of complexity to the tax system, which is already a nightmare for small businesses like mine to navigate.
0

Mock the policy. Not the person. Community principles →