Loan rate protests

December 14, 2007

The president of the National Union of Students is calling for changes to the rate of interest on student loans.

Gemma Tumelty has written to Universities Secretary John Denham to say she is concerned that the current formula, which changes annually in line with the retail prices index, makes graduates vulnerable to excessive increases. In September, the rate doubled from 2.4 per cent to 4.8 per cent.

More than 50,000 NUS members have objected to the hike on social networking site Facebook and 37 MPs are backing an early day motion calling for the rate to be capped at 1 per cent.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns