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Proceeding contribution from Austin Mitchell (Labour) in the House of Commons on Thursday, 22 November 2007. It occurred during Debate on bill on Sale of Student Loans Bill.


Sale of Student Loans Bill

I take that correction from a fellow socialist. Of course I do not envisage that students will put it on the money market; that is what the Government are doing, not what students will be doing. Students use the loan for living. In the previous generation before student loans existed, most students struggled with enormous overdrafts or credit card debts. I am saying that the burden of debt on students for educational purposes—the prime purpose of these loans is to pay the fees—should be written off, as long as they stay in this country. I do not want to extend it to people who leave this country and work elsewhere having used their degree to put themselves on an international market, as that would make the burden too heavy to bear.


Secondary information

Type
Proceeding contribution
Reference
467 c1402 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Data protection Devolved matters Cost effectiveness Debts Fees and charges Education maintenance allowance Higher education Interest rates EU nationals Privatisation Publicity Loans Overseas students Part-time education Wales Repayments Students Welsh Government Revenue and Customs Student Loans Company
Legislation
Sale of Student Loans Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk