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Student loans inquiry finds many did not understand terms
Key takeaways
- More than 52,000 people responded to a call for evidence by the Treasury Committee for its inquiry on the taxation of graduates - more than half said they did not understand what they had signed up for.
- The inquiry is looking at all student loan plans in England and whether repayment terms are "reasonable".
- Treasury Committee chairwoman Dame Meg Hillier, said "the massive scale and strength of frustration and upset is powerful."
Why this matters: a developing story that could shape the day's news cycle.
Vanessa Clarke,Senior education reporterand Emily Holt Getty Images Thousands of people have told a government inquiry that they did not understand the terms and conditions on their student loans before they took them out.
More than 52,000 people responded to a call for evidence by the Treasury Committee for its inquiry on the taxation of graduates - more than half said they did not understand what they had signed up for.
The inquiry is looking at all student loan plans in England and whether repayment terms are "reasonable".
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