Choices for reducing the interest rate on student education loans and reintroducing maintenance grants

Choices for reducing the interest rate on student education loans and reintroducing maintenance grants

In October, the Prime Minister required an inquiry into the education loan system for higher education (HE). In this briefing note, we concentrate on two regarding the more unpopular top features of the system that is current. We explore federal federal government choices for reducing the interest levels charged on figuratively speaking, through the present degrees of RPI + 3% while learning and RPI + 0–3% (according to income) after making university, as well as reintroducing living-cost grants – which don’t need to be repaid – for students from lower-income families. Continue reading “Choices for reducing the interest rate on student education loans and reintroducing maintenance grants”