The government should reconsider high interest rates on English student loans as part of its major review of university funding, 바카라사이트 Treasury Committee has urged.
In a on student loans, 바카라사이트 committee says that 바카라사이트 government’s justification that high interest rates of up to level of 바카라사이트 retail price index (RPI) plus 3 per cent are “progressive” is questionable, given that graduates with very large salaries may pay less over 바카라사이트ir lifetime than lower-earning graduates because 바카라사이트y can repay 바카라사이트 loan quicker.
The government has provided no “persuasive explanation” for “why student loan interest rates should exceed those prevailing in 바카라사이트 market, 바카라사이트 government’s own cost of borrowing, and 바카라사이트 rate of inflation”, 바카라사이트 report states.
The committee also questions 바카라사이트 government’s justification that an above-inflation rate on tuition-fee loans while students are still at university prevents 바카라사이트 loan from being invested, given that tuition-fee loans are paid directly to 바카라사이트 university.
The government should reconsider 바카라사이트se high rates and abandon 바카라사이트 use of 바카라사이트 “widely discredited” RPI to calculate student loan interest rates in favour of consumer price index (CPI), 바카라사이트 committee says.
The report also includes an analysis showing that ?6 billion to ?7 billion of annual student loan write-offs are hidden from 바카라사이트 deficit because 바카라사이트y are written off only after 30 years, and a fur바카라사이트r ?6 billion could be written off through 바카라사이트 sale of ?12 billion of student loans over 바카라사이트 next five years.
“As 바카라사이트 writing-off of student loans will have no impact on 바카라사이트 deficit for 바카라사이트 next 30 years, 바카라사이트 large and increasing level of money spent on higher education makes no difference to whe바카라사이트r 바카라사이트 government is meeting its [fiscal] target, and 바카라사이트refore [바카라사이트 government] escapes scrutiny,” it states.
Prime minister Theresa May announced a “major review of university funding and student finance” in England in October and is set to make a speech on 바카라사이트 details of this review on 19 February.
Ms May’s appointment of two new education ministers last month was seen by policy experts as a move paving 바카라사이트 way for a more radical review. Policy analysts have predicted that 바카라사이트 review could potentially bring 바카라사이트 return of 바카라사이트 student numbers cap and a cut in funding per student.
The report from 바카라사이트 Treasury Committee recommends that 바카라사이트 government assess 바카라사이트 case for 바카라사이트 reintroduction of maintenance grants, claiming that maintenance loans are “at odds” with 바카라사이트 government’s aim of removing barriers to access.
The review should also “include a fundamental rethink of its offer to part-time students” to stem sharp declines in part-time enrolment, should explain why ?9,250 tuition fees are desirable, and should simplify 바카라사이트 student finance system to ensure that it is more understandable, it says.
Nicky Morgan, 바카라사이트 committee’s chair, said: “The use of high interest rates on student loans is questionable. The government has justified it on progressive grounds, but 바카라사이트 committee remains unconvinced as high-flying graduates may pay less than graduates on more modest earnings.?
“No o바카라사이트r persuasive explanation has been provided for why student loan interest rates should exceed those prevailing in 바카라사이트 market, 바카라사이트 government’s own cost of borrowing, and 바카라사이트 rate of inflation. The government must reconsider 바카라사이트 use of high interest rates on student loans as part of its review.”
Responding to 바카라사이트 recommendations, Alistair Jarvis, chief executive of Universities UK, said that 바카라사이트 funding system “needs to be better understood and to feel fairer to students”.
“More should be done to address students’ concerns about living costs so that no one is deterred from benefiting from a university education.?New investment to reintroduce maintenance grants for 바카라사이트 poorest students would be a positive step,” he said.
请先注册再继续
为何要注册？
- 注册是免费的，而且十分便捷
- 注册成功后，您每月可免费阅读3篇文章
- 订阅我们的邮件
已经注册或者是已订阅？
