In a letter to the Times, Libby Hackett argues that we need some clear and simple steps to improve student loans.
Sir, Fees of £6,000 may end up as a credible position but it is deeply worrying that Labour sees this as its starting point rather than the result of calculations based on a well-designed student finance and university funding system (“Reducing fees would mean fewer students”, Mar 31).
Before you go near the headline- grabbing sticker price of fee levels, there are bigger questions around how students should be supported while they study, how universities should be funded, what the balance of contribution should be and what a well-designed graduate loan system looks like (not like the current one, that is for sure).
We hope to offer some clear thinking and simple steps to improve the loan design, bring down the massive subsidy on loans from the government and re-balance the contribution between the state and individual to higher education. This is less complicated than it sounds. You may end up with fees at £6,000 in some parts of the system, but it is strange to know the answer before you’ve done your sums.