cynic 28 Nov 2013 06:07 - Post 33417
"i had the story very much back to front"
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Not for the last time.
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Now here is a real problem be acquired.
http://www.bbc.co.uk/news/education-25121145
Tories help to provide £600000 house loans but at the same time:
Student loan repayment needs tighter control, say MPs
By Sean CoughlanBBC News education correspondent
The government is not doing enough to get student loans repaid as the total value of money owed continues to rise, a spending watchdog has warned.
The outstanding loan debt is £46bn and will rise to £200bn in the next 30 years, the National Audit Office said.
About 50% of students are not expected to earn enough to repay all their loan.
The NAO report also highlights concerns over the more than £5bn owed by about 368,000 former students whose exact whereabouts are unaccounted for.
It says officials are overestimating how much money will be recovered each year, and is not securing value for money for tax payers.
The increase in tuition fees in England has meant much higher levels of student loans and debts - and the spending watchdog says there needs to be much tighter scrutiny of levels of repayment.
Such an expansion requires a "much more robust strategy" for recovering loans, said Margaret Hodge, chair of the Commons Public Accounts Committee.
"It is essential that government collects every pound it can of the debt that should be collected," she said.
Off the radar
The report says there is a lack of employment information about the former students who owe more than £5bn.