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I was pondering Student Debt whilst dropping my son at Uni this weekend. #CPC2019
353,960 Students off to uni in 2018.
3 year intake means total is approx 1 Million.
Each paying on average £500 pm. for accommodation.
£500 Million PER MONTH on STUDENT DEBT given to landlords?
353,960 Students off to uni in 2018.
3 year intake means total is approx 1 Million.
Each paying on average £500 pm. for accommodation.
£500 Million PER MONTH on STUDENT DEBT given to landlords?
#CPC then I look around these Student cities and towns - and notice that the economy is literally being kept afloat by debt.
The only reason the shops are surviving, shop staff kept employed, restaurants, bars etc is Student debt.
The only reason the shops are surviving, shop staff kept employed, restaurants, bars etc is Student debt.
#CPC2019
But it's not real money - it is still future Government debt because the lending model is flawed.
Students will NEVER be able to pay the debt and to ask them too would be wrong.
But it's not real money - it is still future Government debt because the lending model is flawed.
Students will NEVER be able to pay the debt and to ask them too would be wrong.
#CPC2019
Look what has happened in the USA !
$1.5 TRILLION of unpaid student debt.
marketwatch.com/story/student-…
Look what has happened in the USA !
$1.5 TRILLION of unpaid student debt.
marketwatch.com/story/student-…
Look further at the unraveling of the 🇺🇸 economic model that has dug a bigger hole for decades
Bernie Sanders is aiming for:
✅Eliminating Medical debt
✅Medical care for all
✅Free tuition fees
✅Cancel student debt
✅Green new deal
Bernie Sanders is aiming for:
✅Eliminating Medical debt
✅Medical care for all
✅Free tuition fees
✅Cancel student debt
✅Green new deal
#CPC2019
Let's go back to that £500 Million per MONTH (guesstimate) on Student payments for accommodation perhaps it's only half that in any case let's run with this
£500 Million per MONTH is
£600,000,000 (0.6 BILLION) PER YEAR in student debt
£1.8 BILLION OVER 3 YRS
Let's go back to that £500 Million per MONTH (guesstimate) on Student payments for accommodation perhaps it's only half that in any case let's run with this
£500 Million per MONTH is
£600,000,000 (0.6 BILLION) PER YEAR in student debt
£1.8 BILLION OVER 3 YRS
#CPC2019
This has more than a racial context. Working class and Middle Class students will also suffer.
Bernie Sanders tweet shows the wider issue.
the whole model is flawed (on purpose to enrich lenders with 6.2% interest)
This has more than a racial context. Working class and Middle Class students will also suffer.
Bernie Sanders tweet shows the wider issue.
the whole model is flawed (on purpose to enrich lenders with 6.2% interest)
So who are 'the landlords'?
IQ (owned by GOLDMAN SACHS) Student Accommodation is the UK's largest provider of purpose-built student accommodation.
IF OWNS 66 HALLS OF RESIDENCE. 😲
All are now wrapped 'international' Financial assets.
en.wikipedia.org/wiki/IQ_Studen…
IQ (owned by GOLDMAN SACHS) Student Accommodation is the UK's largest provider of purpose-built student accommodation.
IF OWNS 66 HALLS OF RESIDENCE. 😲
All are now wrapped 'international' Financial assets.
en.wikipedia.org/wiki/IQ_Studen…
@threadreaderapp please unroll
