So, presumably you'd prefer the University system to shut down due to underfunding, then? Or take even more foreign students than they do now? Well done. clown.
To repay the loan, you are taxed at 9% of your earnings above £25k, and it's written off after 40 years. It won't make any impact to the actual student. The Universities will be better funded. I guess in the end, the taxpayer ends up footing the bill, as they always did before tuition fees were...
It makes no difference to the students what the tuition fee is, it only affects them on what the repayment mechanic is. A vast majority of students will not repay the loan in its 40 year term and it will get written off. It's a Graduate Tax, not a loan. What it does mean is that Universities...