According to the reports this morning the "average English student" has student loans of £44,000 which could rise too £50,000 in the next few years.
If people are having their debts cleared after 30 years and also not having to pay them back until they earn £21,000 then this is just causing huge amount of debt to be passed onto the tax payer. The outstanding loan debt is £46bn and will rise to £200bn in the next 30 years - NAO
About 50% of students are not expected to earn enough money to repay ALL their loan.
Discuss