Students to face higher interest rates on loans

Story link: Students to face higher interest rates on loans

The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.

Following an official review of student finance and fees, the group warned that the financial sustainability of the UK’s top universities was “severely at risk” under the current system.

http://www.financemarkets.co.uk/2010/05/14/students-to-face-higher-interest-rates-on-loans/