Wednesday 22 October 2014 8:15 pm

Scrap student loans system, says think tank

Chris Papadopoullos was City A.M.'s economics reporter until February 2016. He is an economist at OMFIF.

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.