New Tory policy on Higher Education
I think it's rather good, though obviously it has it flaws, and it's hard to believe some of their promises in this area.On the issue of student loans having a market rate of interest, I wonder why the policy isn't to just guarantee banks against defaults, rather than have the government involved? That seems, though not without its difficulties, a more Conservative policy...
I vaguely recall back in the late 1980s banks were meant to administer student loans, and refused because of the difficulties in collecting it and chasing it up. I suspect that remains the problem (i also remember Mrs Thatcher was so annoyed she started muttering about imposing an excess profits tax on the high street banks, hitherto only supported by Dennis Skinner).
posted by Matthew @ 9/08/2004 08:14:00 PM
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