UCU report on student loan repayments: bad news!

Submitted by admin on Fri, 07/21/2017 - 15:54

Some graduates will be hit with a "mid-life tax crisis" because of massive student loan debts, warns a reportĀ from London Economics. Graduates that avoid the higher overall tax rate will be hit by a longer repayment plan that takes away a higher proportion of their wages over their working lives.

UCU, who commissioned the report, said its findings highlighted that there were no winners under the current system, just different ways to lose.