Student Loans

[Borin' Baggie]

It's populist bullshit that only helps the highest earners while screwing anyone earning £65k or less who will still be shafted by the repayment threshold being frozen and still isn't going to pay off the "loan" within 30 years. The interest isn't the problem, it's deliberately structured that way to function as a defacto graduate tax. What Labour need to do is increase the student fees to £13.5k per annum, reintroduce grants for poor households, bin off Plan 5 and bring back Plan 2 because Plan 5 is bullshit and up the repayment threshold. But they're too unimaginative and scared of the headlines doing the right thing will generate.

I am fed up of social democrats being lured in with economic nonsense, it's bad enough on the left of the Lib Dems but Labour are absolutely dominated by this crap.