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Old 05-14-2010, 12:16 PM
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Post Students to face higher interest rates on loans

The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.Following an official review of student finance and fees, the group warned that the financial sustainability of the [...]

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Old 08-25-2010, 10:11 AM
expo09 expo09 is offline
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Default Re: Students to face higher interest rates on loans

Student's paying their loans back earlier (before they earn £15,000) isn't really that workable. If you are earning £14,000 and paying rent and all other costs with that, paying back a loan at the same time will be a major problem.

Higher interest once they earn more may be more realistic but it will make a lot of people think twice about going to uniersity. But this might not be a bad thing because so many go just for the sake of it - studying something that has no specific benefit in their chosen career path.
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Old 11-15-2010, 05:46 PM
ÄngelsbergKonsortium ÄngelsbergKonsortium is offline
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Default Re: Students to face higher interest rates on loans

Students should not be expected to repay loans before completing their education and securing an income.
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