Student loans for postgrads: have your say

Voyager2002

rashismart2000 wrote: »

I will be graduted next year and will be 36 at the time of graduation. I wish to do master degree in Quantum physics but no student loan for over 30 means no master degree. Am I not paying enough tax? why age restriction for learning? This is disgusting?

At present there is no student loan at all for Masters degrees...

Ed-1

rashismart2000 wrote: »

I will be graduted next year and will be 36 at the time of graduation. I wish to do master degree in Quantum physics but no student loan for over 30 means no master degree. Am I not paying enough tax? why age restriction for learning? This is disgusting?

The point is you can't have it all ways.

The terms of the loan are to be designed so that (unlike the undergraduate loans) they are repaid in full on average.

This means, if the 30 year write off is retained, for the loans to be repaid in full on average they need to target them at those who are both in most need of financial support and who have their working life and thus earnings and thus student loan deductions ahead of them - the under 30s are pretty much that group.

This is one of the reasons why, in my response to the consultation, I disgreed with the repayment terms and suggested the 30 year write off should be removed altogether for postgraduate loans and as a result, loans could be extended to a wider group or other repayment terms could be made more generous (for example, the repayment rate could be reduced from 9% as students would be faced with 18% student loan deductions above £21000 for undergraduate and postgraduate loans).

surfsister

it should be simply fair to all or it will fall foul of ageism laws as did the original BA loan