Quote:
Originally Posted by Chris
The system is not designed to ensure these are paid off in the majority of cases. It’s called a student loan system, because what it actually is, is politically unsayable: it is, to all intents and purposes, a graduate tax.
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It's a loan that has to be repaid in instalments once the borrower starts to earn above a certain level. Hardly a tax.
But it is a freebie to those who don't use it for the purpose of further education, moving them into a career with a decent wage.