student loans

At the 2007 Holyrood elections, the Scottish National party campaigned to “dump the debt” accrued by students at Scottish universities. It promised to service the existing loan debt for Scottish graduates “by meeting their annual loan repayments, re-introduce grants instead of loans and scrap the graduate endowment fee”.

A look at its record shows that most of this didn’t happen. In England, the Liberal Democrats were punished for their broken pledges on tuition fees, but in Scotland, the SNP has been able to use its policies as “evidence” of its progressive credentials.

The reality is, however, very different.  Read more

I studied for an undergraduate degree in England and for a masters in the US. In America, I learnt of the debt some of my fellow students had taken on. The English system I had studied under from 2003 to 2006, and which ended in 2012, seemed relatively generous. But after reading Thursday’s report by the Institute of Fiscal Studies into what the new system of student funding means for future graduates from English universities, I suspect that the idea that the average American graduate is more indebted may soon no longer hold. Graduates of English universities could shortly become the most indebted in the world. Read more