The consumer finance champion Martin Lewis has highlighted the impact of the new arrangements for student loans, saying some school-leavers may no longer consider a degree is worth the cost.
“There is a fundamental misunderstanding about how student loans work, because they are demonised as debt, but under this plan they will work far more like a graduate tax. For most people, it will be like a 9% additional tax burden above the £25,000 threshold.
