Funds to study abroad

The Daily Telegraph - - Letters To The Editor -

SIR – Nick Ti­mothy calls for Bri­tish stu­dents to have a sin­gle fi­nan­cial en­ti­tle­ment, held by the in­di­vid­ual, to be spent “when­ever they wish on what­ever kind of ter­tiary ed­u­ca­tion they choose” (Com­ment, Au­gust 17).

The first part of that quote ought to read “when­ever and wher­ever they wish”. If there is ex­cel­lent ed­u­ca­tion avail­able abroad, why should our stu­dents be pre­vented from tak­ing ad­van­tage of it? If the rea­son is that EU rules would re­quire us to bank­rupt our­selves by of­fer­ing sim­i­lar en­ti­tle­ments to any stu­dent from any­where in the EU, then the sooner Brexit is com­pleted, the better. David J Critch­ley

Winslow, Buck­ing­hamshire

SIR – While he makes some strong points, Mr Ti­mothy fails to grasp the es­sen­tials of stu­dent loans.

Be­cause of the ex­or­bi­tant in­ter­est rates ap­ply­ing from the first loan date, the debt at the end of three years’ study will be £50,000-£60,000, and when re­pay­ments start it will have risen to £70,000-£80,000. At the end of 30 years, the typ­i­cal un­paid debt will be £200,000-£300,000, all to be re­cov­ered from the Trea­sury (that is to say, the tax­payer).

Why does the Govern­ment in­sist upon ever-in­creas­ing in­ter­est rates, which ben­e­fit no one? Ver­non Even­son

Did­cot, Ox­ford­shire

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