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Student loans 'heading for trillion pounds' - BBC News
The conversion of means-tested grants into loans has meant that the poorest students end up graduating with the biggest debts, says Lord Forsyth.

And he warns that the current repayment system was more expensive for people in middle income jobs such as nursing, rather than high-paid lawyers or financiers, who would pay off their debts more quickly.

"The people who get screwed by this are those in the middling jobs," says Lord Forsyth.

"This was all done on the basis that it would create a market in higher education - and that has failed, there isn't a market."

Lord Forsyth says that there is no meaningful consumer choice or competition - and he dismissed the system for rating teaching quality in universities, the teaching excellence framework, as a "bit of a joke".

"Because no-one ever turns up to look at the teaching," says Lord Forsyth.
UK  education  policy  David  Cameron  Nick  Clegg  George  Osborne  Tories  University  College  poverty  trap  student  debt  loan  vocational  skills  Mittelstand  apprenticeship  accounting  Austerity  gap  productivity 
june 2018 by asterisk2a

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