Not only is there a general problem in the way graduates' student debt is handled (hardly ameliorated yesterdays bounce interest rate cap at 6%), there is also a clear gendered dimension, perhaps most obviously demonstrated in the continued accrual of debt during maternity leave... once again raising the cost of motherhood.

Its a problem entirely the result of a (wilful) political misunderstanding of the social purpose of university education.

#graduates #politics

https://www.linkedin.com/pulse/90000-later-what-student-debt-really-does-women-amy-brooker-hvcze/

Hoping to help graduates the Govt. is going to cap student loan interest rates (for both plan 2 & 3 loans) to 6% (including a RPI element for high earners)...

But the Q. is whether the cap is low enough to deal with graduates' immediate concerns: given that inflation might come in at around 4% for March, the IFS thinks higher earning graduate would gain around £500 over their lifetime while at the moment (until inflation rises over 6%) lower earning graduate gain nothing!

#graduates
h/t FT