Source · Select Committees · Treasury Committee
Recommendation 25
25
Most current student loan holders will never pay off their loan, which will function like...
Conclusion
Most current student loan holders will never pay off their loan, which will function like a 30- or 40-year supplementary income tax. Many people told us that the debt acts as a psychological burden, unlike future income and national insurance taxation. (Conclusion, Paragraph 95) 43