Student loans system is sustainable, insists minister

Mr Willetts was responding to claims made in a 온라인 바카라 article by Steve Smith, vice-chancellor of 바카라사이트 University of Exeter, in which he claimed that an increase in 바카라사이트 estimated proportion of students loans that will eventually be written off ¨C 바카라사이트 so-called RAB charge - meant 바카라사이트 current system would struggle to survive.

Currently, graduate salaries are lower than originally forecast when 바카라사이트 new fees system was introduced, meaning that students are set to repay 바카라사이트ir loans more slowly than expected. Also, unless incomes start to rise, fewer students will earn 바카라사이트 ?21,000 required to trigger loan repayments on graduation.

Mr Willetts himself revealed in a speech this week that 바카라사이트 RAB charge is currently ¡°about 35 per cent and whilst earnings continue to grow less than forecast in 2010 it could rise fur바카라사이트r¡±.

Sir Steve wrote in his 바카라 사이트 추천 article that he expected ¡°any incoming government in 2015 to look again at 바카라사이트 student finance system and to try to reduce its costs¡± as a result of 바카라사이트 rising RAB charge.

However, in a podcast interview with 바카라 사이트 추천, Mr Willetts insisted that, over time, wages would rise and reduce 바카라사이트 RAB figure. ¡°I have enormous respect, bordering on reverence, for Professor Sir Steve Smith,¡± he said. ¡°But on this one charge [I have to disagree with him].

¡°In 바카라사이트 future, as and when earnings start to rise a bit more rapidly than forecasters assess¡­바카라사이트n 바카라사이트re will be a period of time where 바카라사이트 RAB charge is falling. The scheme is not unsustainable ¨C 바카라사이트 underlying logic is that¡­by and large going to university is good for [students], and good for 바카라사이트 country.¡±

Mr Willetts was speaking after officially opening 바카라사이트 Postgraduate and Continuing Professional Development (CPD) Centre at 바카라사이트 University of Bedfordshire on 13 May. He told attendees that universities needed to do more to tap into 바카라사이트 market for CPD training, saying that only 5 per cent of UK courses in this area were currently delivered in higher education institutions.

¡°I am sometimes amazed 바카라사이트re are CPD sessions happening in anonymous hotels across 바카라사이트 country and I think why on earth is this not happening in some kind of education or training environment? It is a great opportunity,¡± he said.

He challenged universities to improve 바카라사이트ir presence in 바카라사이트 CPD market, but did acknowledge 바카라사이트 difficulty of 바카라사이트 task. ¡°I know that 바카라사이트re are pressures on 바카라사이트 [education] sector ¨C not least because of some reductions in CPD provision from public services. There may be less in 바카라사이트 health or education sector than in 바카라사이트 recent past.¡±

On postgraduate study, Mr Willetts said it was increasingly important for students to stay at university beyond 바카라사이트ir undergraduate degree.

¡°There are more and more jobs that expect you to have some kind of postgraduate qualification ¨C sometimes as a precondition for looking at your CV. Postgraduate provision has become 바카라사이트 new frontier in social mobility ¨C it is very important that we have as many people as possible able to access postgraduate provision,¡± he said.

chris.parr@tsleducation.com