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More than half of the £19.1 billion paid out in student loans last year will be written off – with the taxpayer picking up the bill. Official Department for Education figures estimate just 47 per cent of the money lent to university students in 2020-21 to cover their annual £9,250 tuition fees and living costs will be repaid – leaving a shortfall of about £10 billion. Graduates need to earn at least £27,295 a year before they are eligible to start repaying their debt, with some never reaching it. Any outstanding loans are written off after 30 years and only a quarter of students who started full-time degrees last year are expected to repay their loans in full.

Chris mcgovernSorcha ingramDepartment for educationA department for educationKingston universityCampaign for real educationReal educationகிறிஸ் மகவர்ந்துறை க்கு கல்விதுறை க்கு கல்விகிஂக்ஸ்‌டந் பல்கலைக்கழகம்பிரச்சாரம் க்கு ரியல் கல்விரியல் கல்வி