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How to Reduce the Debt Burden of British Students to Pay for Higher Education - Research Paper Example

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The study "How to Reduce the Debt Burden of British Students to Pay for Higher Education?" gives advice to the UK government to look for creative means to reduce the cost burden on students, top-up payments, grants and scholarships for talented students should be increased, universities should offer affordable housing and accommodation…
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How to Reduce the Debt Burden of British Students to Pay for Higher Education
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Download file to see previous pages In recent years the increasing cost of higher education in the United Kingdom has been hotly debated. When compared to the early and late 80’s the cost of higher education throughout the country has increased by many folds, thus denying many capable and talented students of a high quality higher education and putting a lot of pressure on families and individuals who were determined to gain a higher education. While this may not be a phenomena that are common only to the United Kingdom it is indeed a problem as such an increase in higher education costs when compared to other countries in the European region means that in the future the United Kingdom may not have an adequately educated population – thus such increases in costs will be detrimental to the future of the United Kingdom. Having said the above the objective of this particular research study is to understand the break up of costs that are incurred by students who pursue higher education and to understand if there is a difference in the amount of debt and expenses that are carried by individuals based on their gender or age. In this research study we also aim to understand the optimism or concern shown by individuals with regard to their levels of debt. Review of Literature
Due to the increases in the cost of higher education many poorer individuals have been found to opt out of higher education (Galindo-Rueda, Fernando, Oscar Marcenaro-Gutierrez, and Anna Vignoles, 2004). The study that was carried out to study the connection between socio economic standing and higher education found that when compared to the number of students opting for higher education in the 1994 from low socio economic backgrounds – those opting for higher education in 2001 have been significantly less and this was found to be a direct result of the increase in the cost of higher education and the cost of all related expenses such as traveling, living expenses and accommodation that resulted in an individual pursuing higher education.    ...Download file to see next pagesRead More
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