At the end of February, the government launched the biggest reform towards college loans program in England while the about 2012

• Brand new revealed reform package will transform this new college loans system. Despite their name, pre-reform student loans mostly functioned as a graduate tax: a large majority of graduates were set to pay back 9% of their earnings above the repayment threshold for 30 years, irrespective of their student loan balance. Under the new system, this is no longer true: more than 70% of graduates can expect to repay in full and will receive no taxpayer-financed write-off of their loans.
• Graduates having straight down-middling earnings might possibly be hit the really by the changes which have a lives loss of up to ?29,one hundred thousand. Read the rest of this entry »