The current student loan system is “out of control” according to Professor Andy Green, with students taking on debts of up to £50,000, which many will never pay back in full because they do not pass the wage threshold requirements for repayment.
It means that taxpayers currently face meeting an estimated 43 per cent of the student loan bill.
Prof Green, who is a professor of comparative social science at UCL Institute of Education and head of its Centre for Learning and Life Chances in Knowledge Economies and Societies, has set out his proposals in his new book The Crisis for Young People: Generational inequalities in education, work, housing and welfare.
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