The government’s student loan reforms will benefit the country’s best-paid graduates at the expense of nursing graduates, teachers and other lower- and middle-income earners, new research reveals.
Under the biggest reforms of student loans in England for more than a decade, many lower-paid earners face an increase in their total lifetime repayments of more than £30,000. Meanwhile, the highest-earning graduates will see their lifetime repayments fall on average by £25,000 compared with the previous arrangements, according to an analysis by the economic consultancy London Economics.
