Pray for education ministers as they consider reviewing the tuition fees and student loan system, after a damning report revealed that 75% of students will never fully repay the loans (which leave graduates with average debts of over £50,000). Sources close to Jo Johnson, the universities minister, said that the interest rate on loans might be reduced. She indicated that the situation was being looked at, along with a review of higher education funding as promised in the Tory manifesto. Labour education minister Lord Adonis, who originally promoted tuition fees, said that the annual £9,000 charges should be scrapped after becoming a ‘Frankenstein’s monster’. Adonis accused the government of running a ‘Ponzi scheme’ which left graduates with massive debts and the government with a black hole in public sector finances. Other critics said that the government should save money by withdrawing loans for degrees that lead to low salaries.
‘Frankenstein’ university fees
Written by David Fletcher 14 Jul 2017Additional Info
- Pray: for God to give ministers creative ideas, wisdom and solutions that will resolve this problem of tuition fees. (Luke 6:38)
- More: www.thetimes.co.uk/edition/news/frankenstein-tuition-fees-to-be-reviewed-mnksjmbxw?CMP=TNLEmail_118918_2041973&MN=09.07%20ST%20Best%20of%20STimes%20Trump%20May%20(1)
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