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National deficit increases by £12bn as regulator rules student loans count as government spending‘The student loans system is a fiscal illusion which flatters the government’s record,’ says Labour Only £12bn ? How much per annum do students borrow ? Does this number have to be added to EVERY deficit figure since May 2010 or when tuition fees hit £9kpa ? If anyone knows from when it applies, please let me know ?
Source: The Independent - 🏆 80. / 59 Read more »
Changes to how student loans are accounted adds £12bn to UK budget deficitThe move 'properly reflects the true picture of government spending' as future write-offs will be counted as government spending. And note introducted by mr blunkett under blair....make sure you note this. And labour voted against capping them twice Student loans is a big scam. Reduce tuition fees instead. Only 38% of loan amount is paid throughout the loan lifetime and rest is written off! This is just an accounting manipulation. studentloans
Source: SkyNews - 🏆 35. / 67 Read more »
Student loan change adds £12bn to deficitA change in how student loans appear in the public finances will add pressure to cut tuition fees. Everything this government touches turns to shit FreeEducationNow Just write the debts off 🙄 It's ridiculous to essentially add a graduate tax to the next generation who will be keeping the economy going. Especially when you gave the previous generation free university educations. However, it's the best and worth investment for future progressive generations!
Source: BBCNews - 🏆 3. / 97 Read more »
Student loan shake-up puts £12bn hole in public financesNational deficit increases after ONS says student loans count as government spending Worth focusing on the positive! Those students are the backbone & future of our Economy and they put back ££bn StudentLoans help most of those who can’t really afford to educate without that support in the UK. Stop spreading bad news! scaremongering BBCBreaking DebtCrisisOrg I've always maintained that the student loans system looked awfully like a government promoted Ponzi scheme. Seems like ONS are now on their case. Just read the House of Commons Library briefing paper & you'll be terrified. Education doesn't make holes in public finances, but the absence of it does...
Source: The Guardian - 🏆 84. / 53 Read more »