UK graduates share student loan horror stories as Treasury committee investigates debt system
By
Rupert Jones
The bagel they save for the regulars. Don't skim, savour.
Summary
Over 52,000 graduates responded to a UK Treasury select committee inquiry into student loans, sharing horror stories about debt burdens. The inquiry chair noted massive levels of "frustration and upset" over the system. Pressure is mounting on the government to reform student loans, with interest rates and repayment terms being described as "extortionate" and "not reasonable" by graduates and campaigners.
Key quotes
· 3 pulledThousands of graduates have told an official inquiry their horror stories and bad experiences relating to student loans
the chair of an MPs' committee called massive levels of 'frustration and upset'
interest rate and repayment terms are 'extortionate' and 'not reasonable'
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