I am pretty much in agreement. Given the massive level loans now are (my unpaid loan is £12K, that's on the low end of post '98 graduates), the repayment system you had would've been unworkable.
To be honest, I suspect Vince is angling to get through a "graduate tax" as a rebrand of the current loans scheme, including a tapering off once you've paid your fees &c. Although how the amount assessed would be calculated is anyone's guess.
Sorting out student finance is not something I'd want to do. Sorting it out then trying to persuade the Tories of the scheme to get it through is going to be an absolute bugger.
Start from scratch, easy, but unfortunately it's a right mess and there's no money to spare.
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I am pretty much in agreement. Given the massive level loans now are (my unpaid loan is £12K, that's on the low end of post '98 graduates), the repayment system you had would've been unworkable.
To be honest, I suspect Vince is angling to get through a "graduate tax" as a rebrand of the current loans scheme, including a tapering off once you've paid your fees &c. Although how the amount assessed would be calculated is anyone's guess.
Sorting out student finance is not something I'd want to do. Sorting it out then trying to persuade the Tories of the scheme to get it through is going to be an absolute bugger.
Start from scratch, easy, but unfortunately it's a right mess and there's no money to spare.