Student Loans

Lord Morris of Aberavon Excerpts

Wednesday 13th December 2017 Lords Chamber

[Viscount Younger of Leckie]

The noble Lord is right that a graduate tax was considered as part of the reforms of several years ago. We do not think this is the right approach but we do think it right that students should be able to take out loans, which, I am sure the noble Lord will agree, further the aim of having more disadvantaged people at universities.

[Lord Morris of Aberavon (Lab)]

My Lords, can the Minister name any other government agency that charges 6.1% on loans?