Three-quarters of graduates will never pay off their student loans

‘Most graduates will still be paying off student loans into their 50s, and three-quarters will never clear the debt, a new probe has found.
The Institute for Fiscal Studies (IFS) report said that initial gains made by poorer students in the controversial 2012 shake-up of the tuition fees system have been more than wiped out by subsequent changes.
The reforms brought in by the then Coalition government originally saw the lowest earning third of graduates better off by £1,500, but replacing maintenance grants with loans sent debt rates soaring.
The changes resulted in students from low-income families graduating with the highest debt levels of more than £57,000.’
Read more: Three-quarters of graduates will never pay off their student loans