Andrew Ducker (andrewducker) wrote,
Andrew Ducker

Can someone explain something to be about the student loans?

There have been a few stories in the newspapers today, centered around the new Student Loans system not bringing in as much money as they hoped, because people aren't paying them back.

But those new student loans would only have been taken out starting in 2011, which means that the first people to have taken them out wouldn't actually have graduated yet, and the chances of many of them earning more than £21k (the lower limit to start paying them back) is extremely low.

So I can't see how the non-repayment issue can have anything to do with the changes.

What am I missing?

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