Angela Rayner MP, Labour’s Shadow Education Secretary, commenting on the Treasury Committee’s report into Student Loans, said:

“The Government’s student loans system is unsustainable and failing both students and taxpayers.

“The current system hides the true cost, with taxpayers on the hook as billions of pounds of debt every year is written off.

“The ‘fiscal illusion’ of selling the student loan book achieves nothing but to disguise their shambolic record on the public finances.

“The next Labour Government has a fully-costed plan to scrap tuition fees in higher education and further education colleges and bring back maintenance grants and EMA to make our system of student finance fair and sustainable.”

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