Government begins plans to sell off billions of pounds worth of student debt to private companies

‘The Government has begun controversial plans to sell off billions of pounds worth of student debt to private companies, a move experts warn could come at a cost to students and taxpayers as the industry falls victim to “marketisation”.
Graduates who took out loans before the 2012 academic year could find themselves making repayments to private lenders buying up contracts from the Student Loans Company (SLC) – a move the Treasury expects to make £12bn from in return.’
Read more: Government begins plans to sell off billions of pounds worth of student debt to private companies