Interest rates on loans for fees and living costs are set to rise by about a third.

The Conservative Party’s “Universities are for the rich” education policy is steaming ahead, then.

Tuition fees are rising to a shocking £9,250 a year for universities in England.

Meanwhile the interest rates on student loans are about to rise – by a third.

And with private firms set to buy up student debt and set the bailiffs on anybody who owes money, those starting from a position of relative poverty are more likely to be pushed deeper into it, rather than lifted out, if they try to take a college course.

Meanwhile the Tories will continue parroting their pretence to be “for working people” and “helping those who are ‘Just About Managing'”.

Sickening.

Millions of students and former students in England and Wales will face a sharp increase in interest rates on tuition fees and maintenance loans.

The interest rates are linked to inflation – and are set to rise by about a third from 4.6% to up to 6.1%.

It will come in the autumn alongside an increase in tuition fees to £9,250 for universities in England.

The Department for Education is also trying to sell off more student loan debt to private investors.

An education department spokeswoman said that rates for the autumn are “not confirmed” until September.

Source: Students face sharp rise in interest on tuition loans – BBC News

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