Another research study points out that the government is going to lose billions from its ill thought out student loans scheme in yesterday’s Sunday Times. Apparently only graduates who end up earning more than £60,000 will repay the whole of their loans – after 30 years the debt gets wiped out.
Which made me wonder yet again whether I am doing the right thing in trying to pay some of my son’s university tuition fees up front rather than letting him take out loans to cover the debt.
The problem is kids would end up so hugely in debt if family didn’t help out that I can’t bear to think about the potential consequences. Anyone else feel the same way out there?