Install this theme
BBC News - Student loan repayment needs tighter control, say MPs

The [UK] government is not doing enough to get student loans repaid as the total value of money owed continues to rise, a spending watchdog has warned.
The outstanding loan debt is £46bn and will rise to £200bn in the next 30 years, the National Audit Office said.
About 50% of students are not expected to earn enough to repay all their loan.
The NAO report also highlights concerns over the more than £5bn owed by about 368,000 former students whose exact whereabouts are unaccounted for.
It says officials are overestimating how much money will be recovered each year, and is not securing value for money for tax payers.
The increase in tuition fees in England has meant much higher levels of student loans and debts - and the spending watchdog says there needs to be much tighter scrutiny of levels of repayment.
Such an expansion requires a “much more robust strategy” for recovering loans, said Margaret Hodge, chair of the Commons Public Accounts Committee.
"It is essential that government collects every pound it can of the debt that should be collected," she said.

never forget that when confronted with an education crisis where tuition costs are skyrocketing out of control and unimaginable numbers of students face graduating into an economy that simply will not give them all good jobs, the response from the establishment is to tighten their belts and give out less student loans, and to send as many people as possible into collections
and not do anything at all about the actual problem, which is not ‘students aren’t repaying money owed’ but ‘the system is fundamentally broken and there are no fucking jobs even though stock markets are at literal record highs’
are there no workhouses?  are there no prisons? wrote charles dickens ONE HUNDRED AND SEVENTY YEARS AGO

BBC News - Student loan repayment needs tighter control, say MPs

The [UK] government is not doing enough to get student loans repaid as the total value of money owed continues to rise, a spending watchdog has warned.

The outstanding loan debt is £46bn and will rise to £200bn in the next 30 years, the National Audit Office said.

About 50% of students are not expected to earn enough to repay all their loan.

The NAO report also highlights concerns over the more than £5bn owed by about 368,000 former students whose exact whereabouts are unaccounted for.

It says officials are overestimating how much money will be recovered each year, and is not securing value for money for tax payers.

The increase in tuition fees in England has meant much higher levels of student loans and debts - and the spending watchdog says there needs to be much tighter scrutiny of levels of repayment.

Such an expansion requires a “much more robust strategy” for recovering loans, said Margaret Hodge, chair of the Commons Public Accounts Committee.

"It is essential that government collects every pound it can of the debt that should be collected," she said.

never forget that when confronted with an education crisis where tuition costs are skyrocketing out of control and unimaginable numbers of students face graduating into an economy that simply will not give them all good jobs, the response from the establishment is to tighten their belts and give out less student loans, and to send as many people as possible into collections

and not do anything at all about the actual problem, which is not ‘students aren’t repaying money owed’ but ‘the system is fundamentally broken and there are no fucking jobs even though stock markets are at literal record highs’

are there no workhouses?  are there no prisons? wrote charles dickens ONE HUNDRED AND SEVENTY YEARS AGO

 
  1. nik1337 reblogged this from queercelluloidjunkie
  2. romanticandsquareish reblogged this from queercelluloidjunkie and added:
    They need to look at why people with degree level skills and knowledge are in jobs that don’t pay them enough to qualify...
  3. ananiujitha reblogged this from amydentata
  4. cocoslucifera reblogged this from forgetpolitics
  5. forgetpolitics reblogged this from amydentata
  6. waepenwifebunny reblogged this from amydentata and added:
    Well part of it is that the Tory/Libdems changed student loans and fees to in affect turn them into a graduation tax,...
  7. greenskyoverme reblogged this from amydentata
  8. f0xh0l3 reblogged this from amydentata
  9. amydentata reblogged this from waepenwifebunny and added:
    Once again the UK is trying to emulate the US. We have draconian laws regarding student loans and collections. It is not...
  10. stateofspite reblogged this from anatomical-anomaly
  11. nameless1soul reblogged this from waepenwifebunny
  12. write-on-red reblogged this from anatomical-anomaly
  13. anatomical-anomaly reblogged this from talesofthestarshipregeneration
  14. hazankoalpha reblogged this from lightlysaltedpretzle
  15. lightlysaltedpretzle reblogged this from darklordreasonable
  16. futuremrsknow-it-all reblogged this from howtobeterrell
  17. shinobegro reblogged this from howtobeterrell
  18. torukun1 reblogged this from howtobeterrell
  19. little-black-godling reblogged this from howtobeterrell
  20. marroncito reblogged this from talesofthestarshipregeneration
  21. diplomaat reblogged this from howtobeterrell
  22. mistressj reblogged this from capturedcreations
  23. trixibelle reblogged this from howtobeterrell
  24. thryndasaur reblogged this from darklordreasonable
  25. darklordreasonable reblogged this from ultralaser
  26. artisansoulleader reblogged this from talesofthestarshipregeneration
  27. 1-800-dominos reblogged this from capturedcreations