Increasing Student Fees and, Therefore, Student Debt is Irrational. And because it is Clearly Irrational it is Also Immoral.

Thatcher's Student Fees Scam Rears its Irrational and Immoral Head

In his classic book entitled Irrationality Professor Stuart Sutherland wrote: “The Thatcher Government, anxious to reduce subsidies to students, repeatedly claimed that going to university increases earning power. It cannot be denied that graduates do on average earn more than others, but there is also no good reason for regarding this as a cause and effect. After all, university students have higher than average IQs, and they may be more determined than others; moreover, their parents tend to have good positions and be middle or upper class so that they can often help their children to obtain good jobs. These factors are surely enough to account for higher earnings. The causal connection between a university education and higher pay later in life is therefore not proven and the repeated assertions of this connection by British Ministers of Education demonstrate only that the British educational system has not succeeded in teaching them to think.”

Reference: Stuart Sutherland ( p.135. 1992). Irrationality. Constable and Company.

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