Scrap student loans system, says think tank

Chris Papadopoullos
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TAXPAYER-financed student loans should be replaced by an agreement whereby graduates pay their univer­sity a proportion of their future earnings to fund their studies.

By tying universities’ income to that of students, universities would have a greater incentive to produce successful graduates, the Institute of Economic Affairs’ said today.

Courses have become rigid, often designed to look enjoyable rather than useful, the report says.