University leavers pay far more for their degrees

Apprenticeships are becoming far more attractive as they are for people of any age and are fully funded. There are no tuition fees and apprentices will not face a huge debt when they qualify.

The government’s move to lower the repayment threshold from its current rate of £27,000 to £25,000 as the point at which graduates must use 9% of their income to repay loans.

The plans will see most university leavers pay far more for their degrees over their lifetime than they do now. It effectively completes the transformation of student ‘loans’, for most, into a working-life-long graduate tax.

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