'We will never escape these debts': Undergraduate experiences of indebtedness, income-contingent loans and the tuition fee rises

• Published in: Journal of further and higher education Vol. 43; no. 5; pp. 708 - 721
• Main Authors: Clark, Tom, Hordósy, Rita, Vickers, Dan
• Format: Journal Article
• Language: English
• Published: Abingdon Routledge 28-05-2019; Taylor & Francis Ltd
• Subjects: Debt (Financial); debt attitudes; Fees; Foreign Countries; Higher Education; Income Contingent Loans; indebtedness; Loan Repayment; Paying for College; Student Costs; Student debt; Student Experience; Student Loan Programs; Students; Tuition; Undergraduate Students; United Kingdom (England)
• ISSN: 0309-877X; 1469-9486
• DOI: 10.1080/0309877X.2017.1399202

This article critically examines how undergraduate students in a red brick university in the North of England have experienced the threefold rise in tuition fees since 2012, with particular attention on how they have begun to understand and negotiate the process of indebtedness. Drawing on a corpus of 118 interviews conducted with a group of 40 undergraduates across their whole student lifecycle, analysis is directed toward examining how students have variously sought to respond to the policy, reconcile the debt with their decision to study at university and, begin to negotiate a life of everyday indebtedness. The findings are located in the context of wider neoliberal policy trends that have continued to emphasise 'cost-sharing' as a mechanism for increased investment within the higher education sector generally, and individual fiscal responsibility specifically. Given the lack of any other viable career pathways for both lower and higher income students, they had to accept indebtedness as inevitable and take what comfort they could from the discourses of 'foregone gain' that they had been presented with. Evidently, and as the students in our sample well recognised, whether those discourses actually reflect the future remains to be seen. There is also no evidence within our data that students anticipated the subsequent changes to the repayment terms and conditions - a fact that is likely to compound feelings of economic powerlessness and constrain their capacity for financial agency yet further.