Student loans do get written off after 30 years. Maybe those who aren't sure shouldn't be commenting?
A good explanation is here: https://www.moneysavingexpert.com/stude ... s-changes/
In many ways, student loans work more like a graduate tax than a loan, in the sense that who earns more pays more. I can't think of many loans which get written off after 30 years, which grant you payment holidays if you earn below a certain threshold, and for which the payment holidays do not affect your credit rating massively - e.g. if you earn below the threshold for repayment, you can still get a loan from a bank.
The same website also has a calculator: https://www.moneysavingexpert.com/stude ... alculator/
Of course it is based on a set of assumptions, but it gives you an idea of how it all works.
I see 4 issues:
- Does it make financial sense to pay the fees upfront if the child is likely to end up in a career which doesn't pay that well? The calculator can give you a sense, but in many cases the answer is a clear "no"
- What else can you do with that money? Eg you could donate that money to your daughter and she could use it as a deposit for a property, to study abroad, to set up a business.
- How will the child react if you make it so adamant that she will earn less than her brother? Many people will think this is bad for self esteem. I disagree - it is better to be realistic and to burst any illusion sooner rather than later. Anything is possible but, in general, if you study a liberal arts degree you will earn less than if you study engineering. Our opinions on whether that's fair or not are not going to change this fact. In fact, earning potential should be a key factor in your daughter's decision-making - which doesn't mean she must discard liberal arts, it means she must be realistic about her future earning potential (any decision can be a good decision if informed). I would add that any parent who lets a child delude themselves that a certain career path will not result in lower earning potential than another, or than what they are used to at home, does their children a huge disservice.
- (probably the trickiest): is the financial support given to the two siblings likely to be very different? For reasons I will not get into here, I received less financial support than my siblings but I am totally fine with it - I received more than enough and it just so happens that my siblings needed more.
OP, obviously I do not know your husband. For all I know he may be a misogynistic sexist dinosaur, I have no idea. But, in abstract, worrying about whether paying the fees upfront is a very reasonable and sensible point which has nothing to do with sexism!