Bring back UK student 'Grant' schemes

When a typical student finishes their university degree (4 years) they will be in a £50,000 debt. This means that to begin your career, you have a huge debt to pay off. Now obviously you are not expected to pay it all back in one go, but it's still bad to be in debt as soon as you get a job. And remember that jobs are becoming harder to find and as a result most people will probably never be able to pay off the debt.

 

There used to be a grant scheme in the UK which basically meant that university was free for everyone and once you finished university, you didn't have any debt to pay back to government. This was brilliant, however it got removed in 1998.

 

Here are a few facts to take into consideration:

 

-  Most people generally attend a 4 year degree at university, however some like to extend their education at university by getting a MSc or PhD, etc..... So some people will end up being in debt's of over £90,000 by the time they finish their university education. Seriously!?!! This is ridiculous.

-  Did you know that the government has only received around 2% of the money they lend to students in the UK for university education?? Yep, it is true. So this idea that they 'lend' students money is stupid because the government barely gets any of it back.

-  In Scotland and Wales, there is NO 'student loan' - university is truly free for everyone.

 

I would personally like to see the old grant scheme come back, its very helpful and means that you wont be in a huge debt to begin your career.

Thanks for your time,

Daniel