High interest rates on student loans should be cut from 6 per cent to 1.5 per cent to prevent middle-earning graduates from paying back more, the House of Lords economic affairs committee said.The report from the committee argued that the higher education system offers poor value for money to students and the taxpayer, and that...Read More

The tuition fee system for England’s universities is ripping off students and giving taxpayers poor value for money, says a parliamentary committee.The House of Lords economic affairs committee attacked a “deeply unfair” system of fees and loans.Committee chairman and former Conservative minister, Lord Forsyth, said they had also been “quite astonished by the complete collapse...Read More