Northern Ireland universities say higher fees would not increase repayments for many graduates

Ulster University and Queen's University of Belfast stated that many students would face no additional loan repayments if tuition fees increased. The universities said the public debate centers on total debt rather than actual repayments. Ulster University cited modeling from its economic policy centre showing that middle-earning graduates and below would not pay more if fees rose.

They can borrow up to £6,471 or £8,352 per year for living costs depending on whether they live with parents. Repayments begin after graduation once earnings exceed £26,900 annually. Any balance remaining after 25 years is cancelled.

University funding concerns Both universities raised concerns about the sustainability of higher education finances in Northern Ireland. Ulster University has announced plans to cut up to 450 jobs. " Leaders of Northern Ireland's five universities and university colleges previously requested a fee increase to nearly £6,000 per year.

Graduate repayment experiences One graduate who studied finance now works as a personal trainer and described loan repayments as feeling like a tax rather than debt. The graduate said university was not a good investment because the degree is not used in current employment.

Another graduate who studied at Ulster University estimates £30,000 to £35,000 in loan debt and repays about £150 monthly. The graduate said the payments feel like a constant burden but are automatically deducted from salary.