Graduate - Credit: Brett Jordan on Unsplash CC BY 2.0
Graduate - Credit: Brett Jordan on Unsplash CC BY 2. Graduates in England praise income-contingent and repayment features of the student loan system but criticise the high fees and large debts, according to a new report involving a UCL Professor. The report from the Higher Education Policy Institute (HEPI) and the Centre for Global Higher Education (CGHE), which is co-authored by Professor Claire Callender (UCL Institute of Education and Birkbeck, University of London), is based on interviews with 48 graduates who were students under the 2006 funding regime paying tuition fees of £3,000, and 50 more who studied when the 2012 regime came into effect, paying £9,000. The participants believed that income-contingent student loans offer access to higher education and regarded the repayment system as manageable, with the income repayment threshold protecting against low earnings. Monthly repayments were seen as affordable and automatic repayments were valued. However, the graduates considered tuition fees and interest rates to be too high. They saw the amount of debt owed as a burden and expressed that the repayment period felt 'never-ending'.
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