Inventor was speaking at opening of his technology institute, where his firm will pay students £15,000 a year and their fees
Sir James Dyson has said tuition fees and student loans are saddling young people with huge debts at the “worst time” in their careers, holding them back from earning valuable qualifications.
Speaking ahead of the formal opening of his own institute of technology, which does not charge tuition fees, the designer and industrialist said the scale of loans and fees at English universities was increasingly likely to deter young people from studying at university.
“When tuition fees started, I don’t think anyone realised how big they would get – it ends up as £50,000 or £60,000,” he said. “Can you afford to go on and do a Masters or a doctorate after that? And can you ever afford to repay it?
“It’s the worst time of life to have a debt. I thought having a mortgage was a terrible debt, but now they can’t even get to the mortgage point.”
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