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Student loans system 'at tipping point', MPs warn

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

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

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Government 'has worrying student loans record'

The Department for Business has a "worrying record" of miscalculating student loans repayments, a group of influential MPs has warned.

More disturbing is the fact that independent forecasters have been recommending improvements to the Government's methodology for some years, which the department has ignored.

We recommend that it starts to listen now.

– Commons Business Select Committee report

The committee's report goes on to suggest that the Government is already struggling to collect student loan debts, with approximately 14,000 graduates living overseas behind on their repayments.

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