News Column

ATL Comment on Proposed Changes to England's Student Loan System

July 29, 2014

LONDON, July 29 -- The Association of Teachers and Lecturers issued the following news release:

Martin Freedman, director of economic strategy and negotiations at the Association of Teachers and Lecturers (ATL), said: "If the government's policy on student finance was a payday loan company, it would have gone bust a long time ago.

"The attempt to shift tuition costs from the taxpayer to the student has clearly failed, as close to half of the loans will not be repaid, with the government picking up the tab. Moves to sell off the student loan book to fund additional student numbers appear to have been abandoned, and now fees are too high for most students to repay, but not high enough to finance university courses.

"Undeterred, former higher education minister David Willetts is now proposing that universities themselves become responsible for collecting loan repayments. This can only lead to increased fees, with prospective students being 'persuaded' to enrol on courses where the potential salaries are higher and the chances of payback are greater. Nursing and teaching professions need to beware."

[Category: Education]

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Source: Targeted News Service

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