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No! And although they certainly cost the treasury more than they had anticipated over a relatively short period if time they will work out cheaper than the old system.
Not any time soon.... When the government paid the majority of the fees, it was expenditure that came out of the current years budget. Now they loan the money out so rather than just expenditure, the loan book it is sort of an asset, and the write off won't be for years, and thus a future government's problem.
Does anyone think that student loans and fees etc are such a mess (ie cost more than the old system) that one day a Government will scrap the whole thing and write off everyone's loan?
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