The government must do more to help students deal with university debts, or else create a financial time bomb for future taxpayers when loans are written off, argues Michael Johnson in a piece for The Telegraph published 19 October 2017.
“Tuition Fees: A Fairer Formula”, written by Johnson and published by the Centre for Policy Studies on 18 October, concludes the government’s pledge to increase the loan repayment threshold in an attempt to appeal to young voters will backfire. Johnson calculates the write off rate for loans – currently estimated to be around 1/3 according to government figures – could reach a staggering 75% if high fees and a higher repayment threshold are combined.
Read the full piece on The Telegraph website (£).
Date Added: Thursday 19th October 2017