A Treasury Committee survey on student loans received more than 52,000 responses, one of the highest response rates to a select committee call for evidence on record.
MPs invited anyone over the age of 16 to share their experiences of student debt in a survey that ran from 12 March to 14 April. Of the more than 52,000 respondents, 49,357 had taken out student loans. Of these, 40,373 said that the financial impact of paying back their student loan had been worse than expected when combined with the level of tax. Most, 45,843, said they believed the level of interest and repayment terms were not reasonable. Repayments were expected to have a material impact on their financial planning for the future, 34,555 said. Meanwhile, more than half (5...
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