Source · Select Committees · Education Committee
Recommendation 7
7
The high levels of university borrowing and the covenants which are in force are adding...
Conclusion
The high levels of university borrowing and the covenants which are in force are adding to the financial pressures facing some providers in the higher education sector. This expansion followed the removal of borrowing controls in 2018 when the Office for Students was created. Increases in interest rates in the last few years have impacted negatively on the cost of loans originally taken out in the 2010s. (Conclusion, Paragraph 74)