Bright Blue responds to the Government’s official response to the Augar Review and its new reforms to the student finance system
Commenting, Ryan Shorthouse, Director of Bright Blue, said:
“The Government is right to want to reform the student finance system to make it more sustainable. Extending the loan repayment period from 30 to 40 years is a sensible way of doing this, since it will hit middling lifetime earners when they are middle-aged. But reducing the interest rate and the starting salary for repaying student loans to £25,000 are poor policies. As such, as a result of all these reforms, all of tomorrow’s graduates will be paying more towards higher education than today’s graduates, apart from the 30% wealthiest graduates.”
Bright Blue recently advocated extending the repayment period from 30 to 40 years.
To arrange an interview with a Bright Blue spokesperson or for further media enquiries, please contact Joseph Silke at joseph@brightblue.org.uk or on 07948 420 584.
[Image: Pixabay]
