More student loans won't be repaid, {UK} government believes (BBC)

[eppur_se_muova]

Around 45% of university graduates will not earn enough to repay their student loans, the government now believes.

If the figure reaches 48.6% experts calculate that the government will lose more money than it gained by increasing fees in England to £9,000 a year.

Students do not pay the fees upfront and only start repaying when they are earning at least £21,000 a year.

But a government spokesman said these were estimates based on long-term forecasts and could change.

Student protests

The estimates have been calculated to take account of the change to higher education funding in 2012-13, when universities in England were allowed to triple yearly fees to £9,000.
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more: http://www.bbc.com/news/education-26688018

[CFLDem]

1. If we made the wealthy

pay for their educated workers, we wouldn't have this problem.

[LeftishBrit]

2. Anyone with sense could have predicted this

But since nobody in our government seems to have any sense, this is not surprising. Clegg and the LibDems have committed political suicide by caving in to the Tories on many issues, and most of most of all on this issue, as they have lost the student vote on which they strongly depended. As for the dominant Tories - the trouble with them, or one of the many troubles with them, is that, especially post-Thatcher, most of them REALLY don't believe in the whole principle of public services.

Mind you, Blair introduced tuition fees in the first place.

The politicians, who are doing all this, went to university for free. Why don't they set an example by paying 27,000 quid retrospectively for their education? They could afford to do so!