Student Loans
The Bottom Line
The government wants to increase the interest rate on student loans closer to market rates.
The reasons for doing it appear to be worthwhile. The government wants to use this money to subsidise students from poorer backgrounds.
It is a worthy cause, but it involves robbing one group to support another. The students that are “better off” will be paying through the nose for this plan – It’s another way to put the “average” student deeper into debt.
No one else is going to pay your loan (unless you are really lucky), another way to increase access to university places must be found