Alternatives for reducing the rate of interest on student education loans and reintroducing maintenance grants

Alternatives for reducing the rate of interest on student education loans and reintroducing maintenance grants

In the Prime Minister called for an inquiry into the student loan system for higher education (HE) october. In this briefing note, we give attention to two for the more unpopular top features of the present system. We explore federal federal government alternatives for reducing the interest levels charged on student education loans, through the current quantities of RPI + 3% while learning and RPI + 0–3% (according to earnings) after making college, as well as for reintroducing living-cost grants – which don’t have to be repaid – for students from lower-income families. Continue reading “Alternatives for reducing the rate of interest on student education loans and reintroducing maintenance grants”