howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
this surprised me as what with the rising tuition fees it would be easy for those who could afford it to go to university.
http://www.guardian.co.uk/education/2011/aug/22/clearing-four-students-each-placeBrian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#2
no surprise howard,been going on for years.what with ever increasing exam standerds?.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#3
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
#4
A lot of students that would have had a gap year this coming year are not doing so because the tuition fees are virtually trebled from next year. Grandson's are over £9,000 for the three years, next year they would be about £27,00. One guess why he is not taking a gap year.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
#5
#3, Howard, any Islamic finance expert could put together a scheme to finance Muslim students; I had several years in Saudi Arabia doing other types of Islamic finance and it really isn't rocket science. The main points about Islamic finance are simple:
-the loan must be for an acceptable purpose. Education is highly prized and is therefore considered worthy so no problem there.
-the lender must share the return and the risk with the borrower.
-no rate of interest can be charged although indexation of the amount owing is acceptable in most cases.
-the funds must come from a source which is religiously acceptable.
Islamic banks in the Muslim world already have finance products for education purposes.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
#6
If they can work out a system within their sharia law, to me that's O.K. but we should not change our rules.
One person in that link, states that they had to bend to our system - to my mind, that's how it should be.
"When in Rome" comes to mind.
Roger
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#7
peter is right there are nany ways of getting sround this, where i used to live if someone wanted to start a small business and needed start up money a wealthy muslim businessman would give him the funds and in return the borroer would hand over a series of post dated cheques at an agreed rate.