Only a quarter of all graduates will pay off loans
The rest in debt for life as Government's own figures suggest new university fees system is unsustainable.
By Brian Brady
Independent, Sunday, 12 December 2010
Only one in four graduates will pay back the full cost of their tuition fees under the coalition's new system for financing higher education in England.
Internal government figures, seen by The Independent on Sunday, reveal that a small minority of students paying fees of up to £9,000 a year are expected ever to pay them off in full. Ministers believe most graduates will spend their whole working lives making monthly payments to cover their loans and interest – without ever being able to settle their debts.
And they have the audacity to complain about "violence"! Well, they ain't seen nuthin' yet.