Nearly three-quarters of graduates will not clear their student loans before the end of the repayment period. This means the large majority of those who go to university aged 18 or 19 will still be paying off their loans well into their forties and early fifties. This article summarises a report published by the Institute for Fiscal Studies, and funded by the Sutton Trust.
Authors
Claire Crawford
Research Fellow University College London
Claire is a Research Fellow at IFS, working on the determinants and consequences of participation in childcare and education for parents and children.
Wenchao (Michelle) Jin
Research Associate
Wenchao is an Assistant Professor at the University of Sussex and an IFS Research Associate.
Comment details
- Publisher
- IFS
Suggested citation
Crawford, C and Jin, W. (2014). Is the new student loan system more progressive than its predecessor? [Comment] IFS. Available at: https://ifs.org.uk/articles/new-student-loan-system-more-progressive-its-predecessor (accessed: 30 June 2024).
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