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I am conducting a detail study on the advantage and disadvantages of university students using student loans. Please tell me the backgrounds/objectives of student loans? Such as since when student loans become commonly used? What was the purpose of student loans? (Preferably based in the UK)

Is student loan really a convenient choice for university students?
What kind of research should I use? What area should I focus on my research?
Why do companies provide student loans to students who do not have an income?
What are the percentages of students repaying their loan?
What will my focus questions be?
Are there any concepts or theories I can apply on my study?
What kind of research philosophies and approaches can I use?
What kind of limitations will I be facing when I conduct my research?
Please provide some empirical studies or literature reviews.
Please provide as much resources as possible (e.g. web sites) for me to research on my study.

Solution Preview

Discussion: The advantage and disadvantages of using student loans. Can you get me started on this??
Please tell me the backgrounds/objectives of student loans? Such as since when student loans become commonly used? What was the purpose of student loans? (Preferably base in the UK)
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The background and objective of student loans is that The Education Act of 1962 made it legal for Local Educational Authorities to give full time university students a maintenance grant. In 1990 the Student Loans Company was formed to provide students with additional help towards living costs through low interest loans. In its first year of operation the average loan amount was 390 pounds. The 1997 report by Sir Ron Dearing recommended that students need to contribute towards the costs of university education. The Teaching and Higher Education Act was passed in 1998 in which a tuition fees of 1000 pounds was introduced. In most cases the maintenance grants were replaced with repayable student loans.

In 2000 the Scottish government abolished tuition fees for Scottish students and the Welsh government gave Welsh students tuition fees grants. The Higher Education Act 2004 increased tuition fees from 1000 pound to 3000 pounds and the Student Loans Company was providing 2.79 billion in loans. The Student Loans Company has received a great deal of flak for delays in processing loan applications in 2009. Since the Higher Education Act of 2004 the student loans are commonly in use. In that year alone, the Student Loans Company gave 1,080,000 students loans.

The purpose of student loans is to enable students to pay for university tuition, books, and maintenance expenses. What is important is that the interest charged on tuition loans is relatively low and when the student is still studying, repayment does not have to be made. The students that receive loans must be personally eligible that is the student must be residing in the UK to get loans and the institution must be a UK degree awarding institution or some eligible institution.
Is student loan really a convenient choice for university students?

The student loan is not a convenient choice for university students. The reason is that it takes significant time to pay off the ...

Solution Summary

This solution gives you a detailed discussion on student loans

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