Students are right to vote Labour
Almost everything which is said officially about student finances is obfuscatory and contradictory, starting with Damian Green’s assertion at the weekend that we need ‘a national debate’ on tuition fees, only for former education secretary Michael Gove to say the opposite the following day. A week before the General Election was called, the Student Loan Company announced that it was increasing interest rates from 4.9 percent to 6.1 percent, according to its formula of inflation plus 3 percent. Due to the effects of compound interest, that potentially takes the lifetime cost of a typical student’s debts from around £51,000 to £70,000, according to the calculator on the Money Saving Expert