A report has found that nearly eight in ten graduates will never pay off their student loans debt, following changes to the way funding for higher education is organised.
The Institute for Fiscal Studies, which produced the report, said that students and taxpayers will be worse off in the long run, whilst Universities themselves are able to exploit the developments to maximise income for themselves.
Interest rates can cause a debt to almost double
Debts are wiped out after thirty years, and payments are only charged once an earning threshold has been reached. But interest rates are…
Continue reading at: