The Treasury Committee launches a new inquiry into the student loan system and related financial implications.
The Committee will scrutinise recent changes to the student loan system, including the repayment threshold, interest rates, tuition fees, and the impact on university finances.
It will also examine the impact of higher education on the public finances, a so-called 'graduate tax', and the effectiveness of the Government’s management of the student loan book.
The first evidence session of this inquiry will be on Wednesday 18 October with Dr Helen Carasso and Dr Andrew McGettigan, who have written extensively about student loans.
It will focus on the impact of student loans on the public finances, the success or failure of fee funding to act as a 'market' for higher education, and the impact of student finances on students. Further evidence sessions will be announced in due course.
Commenting on the launch of the inquiry, Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, said:
"The Treasury Committee is appointed to examine Government expenditure. Student loan debt is projected to be around £160 billion within six years, and the Government has announced that it will review the whole student finance system. The Committee will scrutinise the current system and any future developments closely."