Graduate tax offered as solution to student loans challenge

Student loans for higher education should be scrapped and replaced with a system of grants funded in part by an all-age graduate tax, a leading academic has said.

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.

Register now, read forever

Thank you for visiting SecEd and reading some of our content for professionals in secondary education. Register now for free to get unlimited access to all content.

What's included:

  • Unlimited access to news, best practice articles and podcast

  • New content and e-bulletins delivered straight to your inbox every Monday and Thursday


Already have an account? Sign in here