Just read an interesting study of expected loan repayments under the new loan system versus the old (the prior to 2012 system) - source Institute of Fiscal Studies. Perhaps surprisingly given the headline coverage, 40% of students (the lowest future earners) will pay less under the new system than the old, even with the tripling of tuition fees. This is because of the considerably higher threshold for repayment of any amount.
The analysis suggests that the highest future earners will pay back nearly £90, 000 in total, whilst the lowest 35% are expected to pay back less than £20,000.
This raises significant issues about the effectiveness of the new system, but does suggest that concern over future low earnings should not deter students' from attending university with student loan support.
