Cost-of-living crisis forgotten Students are suffering from a cost-of-living crisis as much as the rest of the population yet they have been forgotten by policymakers. While fees have been frozen at £9,250, student maintenance loans will rise by just 2.8% in 2023/24, which is well below the current rate of inflation. High interest rates Interest… Read more »
Term: Students
For previous generations, attending university was free or cheap. Now, UK university students can expect to be tens of thousands of pounds in debt after they graduate. Depending on their income, that debt can grow via exorbitant interest rates faster than they are able to pay it off. Repaying student debt is effectively a graduate tax, adding several per cent to the tax that graduates are expected to pay, not because their income is great or they have amassed significant wealth, but simply because they have been to university. We think that is wrong and unfair.
Parents Against Student Debt
Since 2012, students have had to swallow eye-watering tuition fees and sky-high interest rates on their loans, leaving many of them with around £50,000 of debt that they will have to pay back over the next 30 years. The government is now making students going into higher education from 2023/24 pay back their loans for… Read more »