Magazine article The Times Higher Education Supplement : THE

For Ever in Their Debt

Magazine article The Times Higher Education Supplement : THE

For Ever in Their Debt

Article excerpt

I am still trying to understand the implications of the student loans scheme for part-time and distance students in England. According to the DirectGov website's advice to such students: "You don't start repaying your loan until your income is over Pounds 21,000. Repayments start in the April four years after your course starts or the April after you leave your course, whichever comes first."

This may present a serious problem for part-time and distance students who will therefore be required to start repayments (if they qualify on income) probably well before they graduate and gain benefit from the graduate premium.

It may present an even more serious problem for the nearly 60 per cent of part-time students and the nearly 80 per cent of The Open University students who never graduate (according to Higher Education Funding Council for England data). Such students will never benefit from the graduate premium but will still be required to repay whatever loan they took out to start their studies. …

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