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If fees are re-introduced what form do you think they will take?

  • 20-08-2009 12:44pm
    #1
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭


    I know that no decision has been made yet, but if fees are introduced how likely is it that they would be up-front fees or that his deferred-loan scheme would be the way?


Comments

  • #2
    oldyouth
    Closed Accounts Posts: 4,754 ✭✭✭oldyouth


    Cash up front, in full. I don't see any other way it could work at the moment. None of the banks have the funds for student loans on that scale at the moment and it would be pointless in the Govt doing a scheme, when they need the cash for the Universities now


  • #3
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭RebelGirrrl


    He did say his preference was for a deferred-loan scheme though?


  • #4
    Sad Professor
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Technology & Internet Moderators Posts: 22,698 CMod ✭✭✭✭Sad Professor


    oldyouth wrote: »
    Cash up front, in full. I don't see any other way it could work at the moment. None of the banks have the funds for student loans on that scale at the moment and it would be pointless in the Govt doing a scheme, when they need the cash for the Universities now
    Yeah but whatever they decide they will have to sell it to the electorate, whom they are on very shakey ground with as it is. A deferred loan/graduate tax looks a helluva lot better to voters because they don't have to pay it. Students will. And they don't vote apparently.

    The government is already paying the tuition fees. Aside from the cost to set up and administer, a deferred loan scheme wouldn't cost the government anything. After a few years it would be a source of income (€200m+) that would go to the universities.

    But like you say they are cash-strapped at the moment, so they may make the rich pay upfront. Or more likely, they will give them the option to pay upfront at significant discount while everyone else gets stuck with massive debt.


  • #5
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭RebelGirrrl


    Anyone else?


  • #6
    Baird
    Closed Accounts Posts: 260 ✭✭Baird


    oldyouth wrote: »
    Cash up front, in full. I don't see any other way it could work at the moment. None of the banks have the funds for student loans on that scale at the moment and it would be pointless in the Govt doing a scheme, when they need the cash for the Universities now

    What kind of rubbish is that?
    Of course the banks have the capabilities to loan out a few hundred million to
    70k students a year. AIB alone has a loan book of nearly 200bn at the moment.

    It would take the form of a deferred loan scheme most likely with banks paying
    the money to the universities up front with loan repayments over 5-10 years or
    whatever suits the student the most likely scenario. No sane banker is going to
    expect a student to start repaying loans while they are still in college.


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  • #7
    RebelGirrrl
    Closed Accounts Posts: 170 ✭✭RebelGirrrl


    So you think definitely deferred loan?


  • #8
    Baird
    Closed Accounts Posts: 260 ✭✭Baird


    Every college in ireland would be a ghost town if it was an up front payment.
    A taxation scheme for graduates would mean the money would take years to filter back to the universities.
    Only viable option is really a deferred loan system


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