What's going to happen to my student loan?
Have you heard that Gordon Brown, the Chancellor announced in the recent Budget that £6bn worth of Student Debt would be sold off. Privatisation of this amount of the Student loan debt could have quite an impact, so it's worth keeping an eye on developments. Check out the press reports. He also promised an extra £14bn investment in Education.
Hey, we're all in favour of more investment in Education but Student Debt is already a serious problem for some. Privatisation of this amount of the Student loan debt may be great to release funding into the public purse but not if it make matters worse for students.
Check out the Press reports and some feedback. It'ss worth keeping an eye on developments.
Brown gives education spending a £14bn boost
Sale of debt raises fears of commercial rates of interest
March 29, 2007, 9:29 am