THE: Letter to the Editor, Win-win way to square the funding circle
…true and might look like an extra subsidy for the middle classes, although actually it just replaces the subsidy they already get from the subsidised interest rate. Past patterns of repayment are based on lower levels of debt, so we do not know how many loans might be repaid without a discount. And if the Government was worried about missing out, it could limit the scheme to the fee element of loans and test the hypothesis by seeing how many stude…