IFS paper shows how inflation is eroding loans and fees enabling government to claw back £2.3bn
Students in England are being hit by stealth cuts and tax rises by a government which is using high inflation to “quietly tighten the financial screws”, according to the Institute for Fiscal Studies (IFS).
The IFS paper highlights a series of ways in which inflation is eroding the value of student loans and tuition fees, enabling the government to claw back money from students and universities to the tune of £2.3bn.
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