At the end of each month thethriftdiaries.com looks at current money issues that are affecting students and graduates.
Graduate Tax Proposal
What is it?
A tax that will be charged to all students following graduation. Graduate tax will be used to replace the current tuition fees system. There are currently no estimations of how much graduate tax will cost.
Why?
The government wants to shake up the funding system for universities and higher educations alike.
How will this affect me?
Current graduates will not be affected. Future students will have their tuition fees paid directly to the higher education institute by the government.
Read the full story at the Guardian online
