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Commercial rate student loans 'unacceptable'
Wednesday, 05 September 2007
Charging students commercial rates of interest on learning loans would be 'unacceptable', the NUS have claimed.
Some commentators have suggested that badly needed university funding could be provided by charging student loans at typical rates, rather than the rate of inflation.
Commenting on the likelihood of the charges being introduced a spokesperson for the NUS said: "It is cropping up more and more and is really making us anxious.
"Graduates, especially when they've left university, are in a really vulnerable position and it's absolutely unacceptable to start putting a six per cent rate on student loans."
She added: "And that is something that we would be absolutely against. It would stop it being a student loan."
The Office for National Statistics suggest that that £2,567 million was lent to students during 2006/7 - a 4.2 per cent increase on the amount loaned the previous academic year.