7,000 Waterford Students Call On Senators To Reject Loans Scheme In Favour Of Public Investment In Education



Waterford IT Students’ Union today called on Senators to support a Labour private members motion this Wednesday rejecting any move to implement an income-contingent loan scheme but instead to publicly invest in third level education.


Waterford IT Students’ Union President Michael Murphy said, “A decision to go ahead with an income-contingent loan scheme will increase emigration and sends a clear message to our future students: take your €20,000 debt, your degree, and get out. Many students here in WIT are on the grant and are struggling to get by – they don’t need this kind of debt weighing them down when they graduate. Education is a public good and should be invested in as such”.


2nd year HC Legal Studies student, Lauren Hayde, said “The only way I would have been able to go to college was if I took out a student loan and I did. I had to take out a €3,000 loan which just covered my accommodation for the year. Taking out this loan has not only left me with a financial burden it has also left my parents with one as if I cannot afford to pay back the monthly repayments of €60 which doesn’t sound like an awful lot – but to a student who cannot find summer work it may as well be hundreds my parents are left to pay it. I took this loan out over 5 years and will be left with this debt once I graduate, so therefore if I am lucky enough to get a job straight out of college the money earned will just go back to paying off this loan. If I had the choice to never take out a loan I wouldn’t.”.


On October 19th, 12,000 people took to the streets against income contingent loans and in favour of publicly funded higher education. The union has emphasised a 363% increase in the student contribution charge from €825 to €3000 while state funding has dropped almost 40%, from €1.4 billion to about €860 million is a failed attempt to plug the funding gap.

Latest News

WITSU SOCIAL Gains sponsorship for longer opening hours from Sun Life Financial

WITSU SOCIAL Gains sponsorship for longer opening hours from Sun Life Financial Read More

John Moore Community Award 2018

WIT Students!

Wit has an annual community award known as the John Moore community award.

Read More

WITSU Constitution Changes 2018



Below is the list of changes WITSU wish to change in our current constitution, we do wish that every student will vote yes on the constitution changes on March the 14th

Read More