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James Dyson says tuition fees hit students with debt at ‘worst time’

Inventor was speaking at opening of his technology institute, where his firm will pay students £15,000 a year and their fees

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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.”

In response to the point raised by Mr Dyson, Qualifi would like to draw your attention to the fact that there are more cost-effective ways of gaining not only a Degree but also a Masters than by going to University for the entire duration of your studies. Qualifi Level 5 qualifications which are Advanced Learner Loan recognised, allow progression on to the final year of an honours degree programme of study and the Qualifi Level 7 qualification provides progression on to the final year / Top Up year of a Masters degree.