New research shows even a university student who becomes as well-paid as a high-earning consultant surgeon will be unable to repay the debt accumulated by the interest payments on their student loan.
It is estimated that our surgeons of tomorrow will start their careers out with at least £63,400 of debt, because of the massive interest rates being charged on their student loans:
The rise in student debt is caused mainly by the Cameron government’s 2012 decision to triple tuition fees, allowing universities in England to charge up to £9,000 a year.
Student loan debt is set to soar to a staggering £200bn in the next few years. To put that into context, UK credit card debt is currently around £68bn.
Of course, if you’re a student from a family wealthy enough to pay your tuition fees without having to take a loan, this problem won’t affect you.
So as ever, it’s the poorest families who end up suffering the most under decisions taken by Tory governments.
The full calculations can be found here.
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Pride's Purge 
WHAT A PARASITE CAMERON IS – JUST AS WELL HE GOT PAID TUTORED PRIVATE EDUCATION OTHERWISE HE’D NEVER EVEN LEARNED TO READ & WRITE;
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The most shocking thing about Cameron’s hike in university fees, is that he and his cronies all received a free university education.
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Spot on Tom!… The main problem is the totally unreasonable interest rates. The fault for these ridiculous rates is the Blair Labour government, which deliberately gave the all this money to the Blair crony fat cat lenders. It was later made far worse by the lying Tories (and Lib Dems) who increased the size of the debts. Blair and Labour also did EXACTLY the same thing by saddling the NHS with massive PFI debts at totally silly interest rates. These almost unpayable debts are directly causing the poor treatment and deaths of patients in the NHS RIGHT NOW.
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One should consider that New Labour was a version of Thatcherism, Blair given his instructions when ensconced with Thatcher after the 97 election.
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Very true Lionel (though Blair was a Thatcherite long before ’97). The problem is that in many echo chambers like this one, the Tories are blamed for everything, even when many of the problems were actually caused by New Labour. It’s sad that history gets forgotten so quickly.
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The tories arnt blamed for everything ,just the spiteful sh’t they adorn to instead of being a decent through and through bunch …thatcher ,blair ,were indeed in the tory playground and both did some good improvements and both did some selfish crap at our expense . both also were on the verge dictators ,the longer they held power the more this countries workers were enslaved to idealisms.
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[…] origin: Student interestingness rates so eminent even consultant Surgeons will be UNABLE TO REPAY tutorship fee debt […] Blair and Labour also did EXACTLY the same matter by saddling the NHS with massive PFI debts at totally empty-headed interestingness rates.
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