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Student debt is character building.



Curiously everyone who received a grant since 1962, has been very keen to point out why students should not get them now. According to the tabloids, owing £90,000 before you have left home now tops Maslow's hierarchy of needs – just above feeling bloated, spam email and hangnail. Likening it to the same good fortune of being defecated on by a seagull or by a Russian prostitute.


Political editors, when discussing the £100bn of debt, have found themselves in a state of arousal normally only reserved for a Princess Diana cortege. The Daily Mail was particularly joyous in pointing out the hopelessness of student finance: ‘It’s just like National Service. Debt teaches us valuable life skills – like indentured servitude or how eat out of a skip. They just don’t know how lucky they are – which is odd, because with all that extra learning they really should’. 




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