I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday, 7 October 2008

UK: 1 in 3 graduates not repaying student loans

A third of students who started university since fees were introduced in 1998 are earning too little to make repayments on their loans, ministers have admitted.

Nearly 400,000 graduates have not made repayments on their loans up to seven years after they graduated because they are not yet earning above the £15,000 threshold. It comes amid concerns that graduates now face the toughest time in a generation as firms cut down on recruitment in the credit crunch.

Students leaders are warning that the promise of cheap loans to pay for fees has all but evaporated, with the RPI, the rate of inflation, running at 4.8%.

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