In response to renewed calls to overhaul the student finance system, the universities minister Jo Johnson insisted last week that the “current system works”. He pointed out that a university degree boosts “lifetime income by between £170,000 and £250,000”.
What he failed to mention is that not even the people administering the loan system can tell students what they will be expected to pay back each month, because they can’t work out what they’ll earn.
Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
