What would make England’s student loan system fairer?
Student loans now sit at the centre of how higher education is funded in England, shaping how millions of graduates finance their studies. Many students leave university with debts of £50,000 or more and may spend decades repaying them. The current system rests on the idea that higher education primarily benefits individuals, because going to university means that they will earn more over their lifetime. On this view, graduates should bear a significant share of the cost of their education through loan repayments once they enter the labour market. Yet universities also generate wider social benefits. They educate professionals in sectors such as healthcare, education and engineering. They produce research that contributes to innovation and public policy. They make a significant contribution to cultural and civic life. This raises the question of whether higher education should be treated mainly as a private investment for individuals, or as a public good that benefits society as a whole. Research also shows that higher levels of education are associated with greater civic participation, higher levels of political engagement …





