Students oppose the plan to reduce the UK loan limit

The Westminster government appears to be on the verge of reducing the repayment of English student loans, raising fears that it could be too difficult for low-income graduates.

According to the text in Finance Times, The government is considering lowering the tuition fee to allow graduates to start paying their current, 27,295. One planner told the newspaper: “This is the plan.

The Westminster government’s response to the post-18 education finance Ogar review in the UK is expected to see changes to the loan system, which would push the threshold down to 23 23,000. This could save the treasury 2 2 billion a year, it is estimated, and the decision is expected to be part of a comprehensive spending review next month.

Basis Ft, The ministers’ bold reduction to 20,000 20,000 – according to a recent report from the Higher Education Policy Institute – is “very low.”

According to a hepatic report, such a change could lead many graduates to repay some or all of their loans and reduce the public debt by nearly ቢሊዮን 4 billion.

According to the current system, after 30 years, excellent debts have been canceled and four out of five borrowers will never repay their debts. Debt in full.

Earlier this month, Times Higher Education The government responded by considering the proposals: “Encourage students to seek high-value courses and institutions.”

According to EDSK proposals, there is a “matched” payment system based on graduate income.

However, opposition to any pay cut is already growing. According to a recent report from the Institute of Fiscal Studies, improving the English student loan system without hitting the average worker is more “impossible” than with high-paying graduates.

Hillary Gibi-Ababio, vice president of the National Institute of Higher Education, said the union “completely opposes the plans.”

As the government decides to increase national insurance contributions, this burden includes low-income people – eighteen months after such a crisis, and with the declining energy prices for millions of vulnerable people this winter, the violence is simply shocking. , ”She said.

Henry Parks, senior economist at the Institute for Public Policy Research b Ft Lowering the risk “is no different from a tax increase for young workers alone.”

The union of the university and the college described the changes in the status quo as “extremely rich and very difficult” and “particularly backward.”

anna.mckie@timeshighereducation.com

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