Here are some real-life stories of the horrors of student loan as narrated by parents:

“The fact that my son has a £50,000 debt and is still paying an extra 9% tax for the next three decades is quite unfair. Instead of investing in higher education for our children, student loans have turned them to cash cows ripe for milking for the next 30 years.” Derrick, a father of one.

“After spending four years on a masters course in London, my daughter is now struggling to pay a debt of more than £60,000, with interest which is increasing in a faster than what she’s capable of paying off. It’s quite disappointing to see her struggle as she works her way to keep up with the mountain of debts. You see, I raised my children to see debt negatively, and we never even use credit cards. Now, she feels completely overwhelmed with the heavy burden she’s been carrying. Isn’t it upsetting how this kind of policy goes? People are making huge profits out of these high-interest rates which are paid by these poor young people!” Elize, a mother.

Since the year 2012, the youth had to face insurmountable amounts of increasing rates and payment hikes on their debt, and this leaves them with approximately £50,000 worth of what they shall pay in return for the succeeding 30 years. And these 30 years could equate to half a lifetime. Considering this burden, students are already damaged mentally and financially. Additionally, this trend occurred when the government failed to revise policies relating to student loan-giving bodies.

The following are some key evidence of Intergenerational Unfairness of the ongoing system:

  • Students confront a 6.3% interest percentage since September 2018
  • Underprivileged students are now forced to take larger-based sustainable loans due to maintenance grants being withdrawn
  • Present-day learners suffer from interest rates which are way more than the average (RPI+3%)
  • There is an increase of top universities pay by 15% behind children’s loans
  • The pre-2012 loan book was planned to be sold by the government to privately-owned financing companies, knowing that it had also successfully sold the 2002-2006 debt book
  • Mean university accommodation currently is worth approximately £141 per week, with a 5% inflation solely from last year
  • Loan reimbursements at 9% of salary over £25,000 over 20% Basic Rate Income Tax and 12% National Insurance imply a minimal 41% taxation rate notwithstanding for lower-workers, and that’s before the 2% auto-enrolment benefits commitments and high lodging and living expenses

What You Must Do

  • Open up your experience regarding intergenerational unfairness. Email now at
  • Tell your policy-making representatives to demand a stop in increasing fees.
  • Vote for the sake of students and the youth. Look for coalitions and alliances with more pleasant contract proposals.