Student Loans = Student Debt

  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'audio:block_1:results:ff0db4c55a037059c3695f66cdcd5d34' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:6:{i:0;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"4728\";s:10:\"node_title\";s:59:\"120,000 workers march through Dublin - National strike now!\";s:7:\"_random\";s:21:\"0.0008014757193638717\";}i:1;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"5110\";s:10:\"node_title\";s:46:\"Belfast: Justice for sacked Traffic Attendants\";s:7:\"_random\";s:20:\"0.011156839328964092\";}i:2;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"1732\";s:10:\"node_title\";s:47:\"Chomsky meeting with Irish anarchists in Dublin\";s:7:\"_random\";s:18:\"0.0251141498099213\";}i:3;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8276\";s:10:\"node_title\";s:55:\"Bodily Autonomy at the Intersections - audio from #DABF\";s:7:\"_random\";s:20:\"0.026152634086229497\";}i:4;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"5937\";s:10:\"node_title\";s:70:\"Focus on Catholic church in Ireland - Radio Solidarity 3 is now online\";s:7:\"_random\";s:19:\"0.03292485981520718\";}i:5;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"4848\";s:10:\"node_title\";s:23:\"What is anarchism audio\";s:7:\"_random\";s:19:\"0.06087573250837227\";}}s:10:\"total_rows\";i:166;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:6;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1565947736, expire = 1565948036, headers = '', serialized = 1 WHERE cid = 'audio:block_1:results:ff0db4c55a037059c3695f66cdcd5d34' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'video:block_1:results:d1bd4a9bdf0c592395306e39f5452d02' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:3:{i:0;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8671\";s:10:\"node_title\";s:80:\"Stand 4 Truth - demanding accountability from catholic church during Papal visit\";s:7:\"_random\";s:21:\"0.0002525364982453515\";}i:1;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8334\";s:10:\"node_title\";s:85:\"Why is DCC handing land over to developers? IHN video seminar explains the land grab\";s:7:\"_random\";s:20:\"0.004765236754683067\";}i:2;O:8:\"stdClass\":3:{s:3:\"nid\";s:4:\"8017\";s:10:\"node_title\";s:94:\"Voting for Marriage Equality While Being Critical of Marriage - DABF 21015 Panel Video & audio\";s:7:\"_random\";s:21:\"0.0051413737285336235\";}}s:10:\"total_rows\";i:195;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:3;s:7:\"element\";i:0;s:6:\"offset\";i:0;s:12:\"current_page\";i:0;}}', created = 1565947736, expire = 1565948036, headers = '', serialized = 1 WHERE cid = 'video:block_1:results:d1bd4a9bdf0c592395306e39f5452d02' in /var/www/public/includes/cache.inc on line 112.
  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: SELECT data, created, headers, expire, serialized FROM cache_views_data WHERE cid = 'Random_PDF:block_1:results:d701b49486a84d4cd29efe1b1fbdd8e3' in /var/www/public/includes/cache.inc on line 27.
  • user warning: Table 'cache_views_data' is marked as crashed and should be repaired query: UPDATE cache_views_data SET data = 'a:3:{s:6:\"result\";a:2:{i:0;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"7781\";s:10:\"node_title\";s:25:\"Irish Anarchist Review 9 \";s:21:\"node_revisions_teaser\";s:2965:\"<div>\r\n <img alt=\"\" src=\"/sites/default/files/IAR%209%20cover.jpg\" style=\"width: 300px; float: right; height: 371px\" />\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">Welcome to Issue nine of the Irish Anarchist Review, published for the 2014 Dublin Anarchist Bookfair.</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">EDITORIAL:&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\"><span id=\"docs-internal-guid-190bca18-63de-9052-6ec9-e71bba2d1e54\"><span style=\"background-color: transparent; font-family: Arial; white-space: pre-wrap; color: rgb(0,0,0); font-size: 15px; vertical-align: baseline\">We&#39;ve been hearing scare stories about the damage being done to the environment by co2 emissions for decades now. Terms like &ldquo;climate change&rdquo;, &ldquo;greenhouse effect&rdquo;, &ldquo;the ozone layer&rdquo; (more importantly, the holes in the ozone layer) and &ldquo;global warming&rdquo;, are part of everyday language. We know that the polar ice caps are melting, causing sea levels to rise and we know that the weather is doing crazy things in parts of the world that are usually temperate. And, we know that all this is being caused by the stuff we produce and how we produce it. What has our response been?</span></span></p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <br />\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\"><span id=\"docs-internal-guid-190bca18-63de-9052-6ec9-e71bba2d1e54\"><span style=\"background-color: transparent; font-family: Arial; white-space: pre-wrap; color: rgb(0,0,0); font-size: 15px; vertical-align: baseline\">By and large, we&#39;ve done nothing. In fact we&#39;ve done the opposite. We&#39;ve continued to create stuff. More and more stuff. We produce enough food to feed the world at least twice over and a third of it is wasted. We produce gadgets we don&#39;t really need, war machines to subjugate people, we plan obsolescence so that we have to keep producing things to replace other things so that the wheels of the global economy keep turning and profit keeps accumulating. Billions of humans, across the planet, spend a large chunk of every day, doing things they&#39;d prefer not to to produce things they don&#39;t need in a process that is making the planet unfit for their habitation.</span></span></p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">&nbsp;</p>\r\n <p dir=\"ltr\" style=\"line-height: 1.15; margin-top: 0pt; margin-bottom: 0pt\">\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:19:\"0.05167318233444652\";}i:1;O:8:\"stdClass\":5:{s:3:\"nid\";s:4:\"7573\";s:10:\"node_title\";s:37:\"Workers Solidarity 129 April/May 2013\";s:21:\"node_revisions_teaser\";s:522:\"<p><img alt=\"\" src=\"/sites/default/files/WS129CoverMassActionAusterity.jpg\" style=\"width: 260px; height: 370px; border-width: 1px; border-style: solid; margin: 3px; float: right; \" />Issue 129 of Ireland&#39;s anarchist Paper Workers Solidarity. &nbsp;This issue was produced for the 13 April 2013 CAHWT demonstration and the May day marches in Dublin, Belfast, Cork, Derry and elsewhere in Ireland. &nbsp;If you live in Ireland and would like to distribute copies <a href=\"http://www.wsm.ie/contact\">contact us.</a></p>\r\n\";s:21:\"node_revisions_format\";s:1:\"2\";s:7:\"_random\";s:18:\"0.0689032069117792\";}}s:10:\"total_rows\";i:73;s:5:\"pager\";a:5:{s:9:\"use_pager\";s:1:\"0\";s:14:\"items_per_page\";i:2;s:7:\"element\";i:0;s:6:\"offset\";i:1;s:12:\"current_page\";i:0;}}', created = 1565947736, expire = 1565948036, headers = '', serialized = 1 WHERE cid = 'Random_PDF:block_1:results:d701b49486a84d4cd29efe1b1fbdd8e3' in /var/www/public/includes/cache.inc on line 112.
Date:

This college year has seen a large increase in the number of students taking out loans in order to go to college. As part of an aggressive advance into the student debt market, Bank of Ireland has already agreed schemes to provide “discounted loans” to students in DCU and Trinity, and to postgraduate students across the country (in this case the scheme was negotiated directly with theState) .BofI is also said to be in “advanced discussions” with over 10 other 3rd-level institutions.

After the raising of the so-called ‘registration fee’ (which in reality is tuition fees by another name) to €2,250 over the years of the crisis, many students are now left in a situation where they need credit in order to attend third-level college. Clearly, with the registration fee due to rise to over €3000 in the next few years, the student debt market will only continue to expand.

This should be seen as the ‘thin end of the wedge’ in a creeping privatisation of 3rd level funding. The austerity agenda of the government and the EU/IMF, coupled with a pre-existing neoliberal ideological commitment to transforming public services into businesses which must turn a profit, means that the funding of 3rd level education by means of private credit is an attractive policy. Students are increasingly treated as consumers of a product rather than participants in an educational process which benefits society, and are increasingly expected to act as a revenue source for the state, for universities and for financial institutions.

The upshot of this is that access to education will increasingly depend on students’ (or their parents’) ability to access credit, and to handle the debt burden. In other words: this will function as a barrier to working class students accessing higher education.

So far, political opposition from the student unions and the Union of Students in Ireland has focused on the details of the plan rather than on the issue of free education. USI have criticised the ‘punitive’ interest rates being charged to students (around 10%) and have raised issues around access to loans, but have thus far remained relatively mute on the wider political issue of who should pay for education (despite being mandated by students to fight for free fees funded entirely by the Exchequer).

As anarchists, we oppose the reshaping of education to the logic of the markets and oppose all class barriers to education. However, we also recognise that this can only be achieved if students organise, in solidarity with other working class people, and take direct action to fight for our right to an education.

WSM members are involved in Free Education for Everyone, a grassroots campaign of students, education workers, and others affected by these issues, which opposes the neoliberal restructuring of education.

For more see: free-education.info


This article appeared in
Workers Solidarity 128 - Nov/Dec 2012

Like what you're reading?
Find out when we publish more via the
WSM Facebook
& WSM Twitter