Nearly three-quarters of graduates will not clear their student loans before the end of the repayment period. This means the large majority of those who go to university aged 18 or 19 will still be paying off their loans well into their forties and early fifties. This article summarises a report published by the Institute for Fiscal Studies, and funded by the Sutton Trust.
Authors
Claire Crawford
Research Fellow University College London
Claire is a Research Fellow at IFS, working on the determinants and consequences of participation in childcare and education for parents and children.
Wenchao (Michelle) Jin
Research Associate
Wenchao is an Assistant Professor at the University of Sussex and an IFS Research Associate.
Comment details
- Publisher
- IFS
Suggested citation
Crawford, C and Jin, W. (2014). Is the new student loan system more progressive than its predecessor? [Comment] IFS. Available at: https://ifs.org.uk/articles/new-student-loan-system-more-progressive-its-predecessor (accessed: 1 June 2024).
More from IFS
Understand this issue
Sure Start achieved its aims, then we threw it away
comment
"We know that poor children grow up with poor life chances. We know how to ameliorate that. The choice is ours." Paul Johnson writes for the Times.
15 April 2024
Scottish Budget 2024-25: IFS analysis
event
22 February 2024 at 10:00
Ahead of the final Scottish Parliament vote on the Budget, IFS researchers presented their analysis of the proposals.
Behind the numbers: reassessing investment in skills and training
comment
"There are concrete steps, such as reforming the Apprenticeship Levy, that the government should take to improve the existing skills system."
12 October 2023
Policy analysis
High-skilled apprenticeships have high returns – but funding via a ‘crackdown’ on higher education courses is challenging
comment
This comment analyses the Conservative Party’s plan to increase the number of high-skilled apprenticeships.
29 May 2024
The short- and medium-term impacts of Sure Start on educational outcomes
report
We study the medium-run effect of Sure Start on academic outcomes, finding large benefits, particularly for children from disadvantaged backgrounds.
9 April 2024
Sure Start greatly improved disadvantaged children’s GCSE results
press release
New research from IFS finds that Sure Start generated big improvements in the educational performance of children from low-income backgrounds.
9 April 2024
Academic research
Targeting men, women or both to reduce child marriage
working paper
We conduct a cluster-randomized control trial of an edutainment intervention aimed at delaying marriage of adolescent children in rural Pakistan.
28 May 2024
Higher Education Access and Funding: challenges and policy options
conference
14 May 2024 at 11:00
This one-day academic conference looked at access to and funding of Higher Education systems.
Labour market inequality and the changing life cycle profile of male and female wages
working paper
We estimate the distribution of life cycle wages for cohorts of prime-age men and women in the US.
15 April 2024