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Student loans at 'tipping point' due to miscalculations

The student loans system is at "tipping point" due to Government miscalculations and problems with collecting repayments, a cross-party group of MPs has warned.

The student loans system is at Credit: PA

In a critical new report, the Commons Business Select Committee said that the current system is under threat, and an urgent review is needed to address the issue.

Figures published earlier this year show that the Government's latest estimate - known as the "RAB charge" - is that around 45% of loans taken out under the new system will never be repaid.

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