This problem is exacerbated for people like me who will be paying the fees up front. Why? The answer is that as a Muslim, I cannot deal with interest, whether this is receiving interest money or giving it as interest is forbidden due to the way it preys on the weaknesses of the poor while aiding the rich in increasing their wealth. It is oppressive. A wealthy person-or a bank-can almost hold a person to ransom through the interest rates they set as if the person is in dire need, he will be forced to take out the loan no matter how much interest is added on. Interest is one of the main ways in which banks make profit and because it is embedded in our capitalist economy, it can become extremely difficult to avoid it. Therefore, for my university fees I intend to borrow money from family members which would be an interest-free loan. Mutual aid in action dear friends! This would be fine but of course graduating University with a £27,000 debt hanging over your head like a delicate cliff is not a good thing. So with the help of my part-time job at a tuition centre, (minimum wage of course for silly young eighteen year olds) I plan to only take a loan out from people for my first year. Thereafter, with the aid of my wages and government grants, I will save up to pay for the next two years. The plausibility and my capability to do this is one of the factors worrying me. That is £18,000 people, now are you telling me that I should not be worried about my financial situation? Especially as I mentioned previously, my father is not the richest salesman in the world and has his own worries to deal with which I am also concerned about and feel I should help him with. So the sole responsibility of paying for my tuition fees falls solely on the shoulders of yours truly and frankly, I don’t think my habit of doing press-ups is going to aid much in this case.
What to do about those dreadful fees?