The Student Loan System is Now Completely Broken

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Last year, the total interest added to England’s student loans was £15bn - around 3x the amount that students actually paid off (£5bn). In this video we look at how we got to a situation where the system is so broken.

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SOURCES

Government Documents

Student Loan Repayment Amounts
https://www.gov.uk/repaying-your-stud...

Student Loan Interest Rates
https://www.gov.uk/government/news/st...

Student Loan Interest Rates FAQ
https://commonslibrary.parliament.uk/...

Student Loan Statistics
https://researchbriefings.files.parli...

News Articles

The Telegraph Scandalous Student Debts are Crushing the Economy
https://www.telegraph.co.uk/business/...

New Statesman Britain’s Youth are Living in Nick Clegg’s Shadow
https://www.newstatesman.com/politics...

The Telegraph The Graduates That Will Never Pay off a Student Loan
https://www.telegraph.co.uk/money/con...

Other

The Taxing Wealth Report
https://www.taxresearch.org.uk/Blog/w...

Student Loan Calculator
https://studentloancalculator.uk/plans/

ONS Shortcomings of RPI as a Measure of Inflation
https://www.ons.gov.uk/economy/inflat...