Tuition fees a ‘pointless Ponzi scheme’, says Theresa May’s former advisor

Theresa May’s former chief of staff Nick Timothy has called tuition fees an ‘ultimately pointless Ponzi scheme’, saying:

‘There has been no improvement in Britain’s productivity as graduate numbers have increased’.

‘Many graduates work in non-graduate jobs, and many earn no more than if they had not gone to university at all’.

‘On a recent visit to the barber, the young man who cut my hair told me he had graduated from Southampton Solent University with a degree in football studies’.

‘He was friendly, articulate and skilled in his profession, but I doubted whether he thought his qualification was worth the debt he will carry as a millstone around his neck for 30 years’.

‘More than three-quarters of graduates will never pay back their debts’.

‘We have created an unsustainable and ultimately pointless Ponzi scheme, and young people know it’.

100 word news by The Hooting Times.

Full story here: http://bit.ly/2uTR4jS

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