Be Wary of a Funding Model that Sells £4 Billion of Student Loans to Investors

Posted in Fees, access and admissions on February 13th, 2017 by steve

Ireland“The UK government has announced it is to begin selling off £4 billion of loans that first become eligible for repayment between 2002 and 2006. This is the first of a four-year programme of loan sales to take place. This should be worrying for a number of reasons …” (more)

[University Times, 12 February]

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Universities minister announces sale of student loan book

Posted in Fees, access and admissions on February 6th, 2017 by steve

“The government has begun its controversial sale of the student loan book, which it expects to recoup £12bn in the long run for the exchequer, while reassuring graduates that they will not have to pay more. The universities minister, Jo Johnson, said the move would have ‘no impact’ on student borrowers paying off loans, as terms and conditions would remain the same after the sale was completed …” (more)

[Sally Weale, Guardian, 6 February]

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New UCC President Patrick O’Shea – ‘It’s not rocket science to fund universities’

Posted in Governance and administration on February 1st, 2017 by steve

Ireland“He fears being likened to John Wayne’s Sean Thornton in The Quiet Man — but it is more than an accent that Patrick O’Shea brings home from the US to the president’s office at University College Cork. After 37 years away from his alma mater, the former vice-president and head of research at University of Maryland sees little reason why some of the philosophies underlying American higher education can not be applied here …” (more)

[Niall Murray, Irish Examiner, 1 February]

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Pringle calls on Minister not to introduce third level student loans

Posted in Fees, access and admissions on January 26th, 2017 by steve

Ireland“A Donegal TD has called on the Minister for Education not to introduce third level student loans. Thomas Pringle (Ind) raised raised the issue as a Priority Question in the Dáil. He was responding to recommendations in the the Cassells Report for increased investment in third level education sector, including the possible introduction of ‘income-contingent’ student loans …” (more)

[Donegal Democrat, 25 January]

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Third Level Funding – Student Loan Scheme

Posted in Fees, access and admissions on January 26th, 2017 by steve

IrelandJoan Burton (Dublin West, Labour): To ask the Minister for Education and Skills if he has read the USI position paper on the funding of higher education regarding the effects a loan scheme would have on students; and if he will make a statement on the matter …” (more)

[Dáil written answers, 24 January]

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Priority Questions: Third Level Funding

Posted in Fees, access and admissions, Governance and administration on January 20th, 2017 by steve

IrelandThomas Pringle (Donegal, Independent): To ask the Minister for Education and Skills if he will take on board concerns represented by the Union of Students in Ireland and other representative groups if an income contingent loan scheme is established on the basis of the Cassells report; his views on whether it is a viable solution to third level funding as a graduate debt of more than €20,000 will create a two-tier system of higher education, furthering inequality in society; and if he will make a statement on the matter …” (more)

[Dáil debates, 18 January]

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Student loan firm Future Finance looking to operate in Ireland

Posted in Fees, access and admissions on January 12th, 2017 by steve

Ireland“Student loan specialist Future Finance has appointed a new executive team with a view to expanding its operation into other European jurisdictions including Ireland. Despite being headquartered in Dublin, the company, which provides funds to more than 7,000 university students in the UK and Germany, does not yet operate in the Republic …” (more)

[Eoin Burke-Kennedy, Irish Times, 12 January]

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Institutes of Technology: Promoting Access and Protecting Third-Level Education

Posted in Fees, access and admissions, Governance and administration on January 11th, 2017 by steve

Ireland“As the question surrounding the future of higher education is debated in the national media, the difficulties faced by institutes of technology can often be forgotten. Higher education and the purpose it fulfils changes depending on who you ask …” (more)

[Dominic McGrath, University Times, 11 January]

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Third Level Costs: Income-contingent Loans

Posted in Fees, access and admissions, Governance and administration on December 16th, 2016 by steve

IrelandThomas Byrne (Meath East, Fianna Fail): To ask the Minister for Education and Skills if he proposes to carry out a technical study on the merits or otherwise of the income contingent loan model of funding put forward as an option in the recent Cassells report …” (more)

[Dáil written answers, 14 December]

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National Competitiveness Council backs student loans

Posted in Fees, access and admissions, Governance and administration on December 15th, 2016 by steve

Ireland“The Government should introduce a student loan system to help increase higher education funding, while unsustainable ‘quick fixes’ to the housing crisis should be avoided, the National Competitiveness Council (NCC) has recommended …” (more)

[Laura Slattery, Irish Times, 15 December]

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A dozen education issues set to dominate 2017

Posted in Fees, access and admissions, Governance and administration on December 14th, 2016 by steve

Ireland“Here are 12 issues you are likely to hear plenty about in Irish education next year, ranging from the baptism barrier to student loan schemes and from industrial action to preschool problems …” (more)

[Carl O’Brien, Irish Times, 14 December]

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Monday Interview: ‘Universities need to charge an extra €2,000 a year per student’

Posted in Fees, access and admissions, Governance and administration on December 12th, 2016 by steve

Ireland“Universities need to charge an extra €2,000 per student a year to fund their education properly, according to Maynooth University president, Professor Philip Nolan. He added that students and the Government should share that extra cost evenly, through the introduction of the proposed income-contingent loan scheme …” (more)

[Katherine Donnelly, Independent, 12 December]

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USI: Student loans place unfair burden on students

Posted in Governance and administration on December 8th, 2016 by steve

Ireland“Student loans for university fees are not the best way to fund higher education. The representatives of over half a million students will address the Oireachtas committee on Education and Skills today, on the need for government investment in the sector …” (more)

[BreakingNews.ie, 8 December]

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Sharing creative multimedia education resources

Posted in Fees, access and admissions, Governance and administration on December 5th, 2016 by steve

Ireland“Although I don’t expect to see student loans as an essential part of the third level system in Ireland before I retire from it in 1105 days, I fully anticipate co-signing a loan to help my under-10s attend the higher education institution of their choice …” (more)

[Bernie Goldbach, Inside View, 5 December]

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Third-level loan scheme a bad idea

Posted in Fees, access and admissions on December 5th, 2016 by steve

Ireland“Sir, – Danny McCoy, of the employers’ group Ibec, advocates a loan system as the best of a bad lot to address the problem of third-level funding (‘Funding crisis in higher education must be tackled’, Education Opinion, November 29th). This would discriminate against those students from less affluent backgrounds …” (more)

[Marie Humphries, Irish Times, 5 December]

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TCDSU Warn of Dangers of Loan Schemes in Submission to Education Committee

Posted in Fees, access and admissions, Governance and administration on December 4th, 2016 by steve

Ireland“In their submission to the Oireachtas Education and Skills Committee, Trinity College Dublin Students’ Union (TCDSU) have warned of the dangers of fee increases, as well as calling for alternatives to an income-contingent loan scheme to fund higher education …” (more)

[Dominic McGrath, University Times, 3 December]

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State may force emigrant graduates repay fees

Posted in Fees, access and admissions, Governance and administration on November 25th, 2016 by steve

Ireland“Laws may have to be introduced to force graduates, who emigrate, to pay a minimum amount off any deferred fees, the authors of a report into possible new funding models for third-level education have said. The Cassells Report published in July outlined three main options to reverse the fall in the quality of higher education and to increase resources. But its authors yesterday said whatever path was taken would also require a ‘radical overhaul’ of the current maintenance grants system …” (more)

[Noel Baker, Irish Examiner, 25 November]

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Graduates could pay up to €150 a month for 15 years under loan scheme

Posted in Fees, access and admissions, Governance and administration on November 25th, 2016 by steve

Ireland“A college graduate could expect to pay €100-€150 per month over 10-15 years if a student loan scheme is introduced in Ireland, according to experts. Aedin Doris, an economics lecturer at Maynooth University, said the calculation was based on a conservative assumption that a graduate’s real wages would not grow for the foreseeable future …” (more)

[Carl O’Brien, Irish Times, 24 November]

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Loan scheme ‘must not deter students from an education’

Posted in Fees, access and admissions, Governance and administration on November 24th, 2016 by steve

Ireland“Increases in third-level fees, linked to a student loan scheme, should be regulated and remain affordable, according Peter Cassells, who wrote the expert group report on future funding of higher education …” (more)

[Katherine Donnelly, Independent, 24 November]

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Time not right for student loan plan

Posted in Fees, access and admissions, Governance and administration on November 21st, 2016 by steve

Ireland“Sir, – I notice that there are calls for a large increase in higher-education fees, and the introduction of an income-contingent loan scheme to meet these. While understandable, given the pressures caused by an unfunded and substantial increase in both productivity and enrolment in the third-level sector, these calls are premature …” (more)

[Anthony Staines, Irish Times, 21 November]

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