Student loans – Minister pushes terminology change

Universities Minister Jo Johnson has suggested that student loans be renamed “graduate contribution” tax, writes Camilla Turner for The Telegraph. At a Tory party conference fringe event, he also said the government needs to "work on the language" around student loans, so that young people do not feel as though they are getting a bad deal.

He said that he is “in agreement” with Martin Lewis, the founder of MoneySavingExpert.com, who has long campaigned for the re-naming of student loans. Johnson told the event: “I think [Martin Lewis is] absolutely right; this should be seen best as a graduate contribution.

“It is clearly a time-limited graduate contribution, because it only lasts 30 years and it’s also an income-linked time-limited graduate contribution … So I think we do need to work on the language and cease to use the terminology of debt and loans, and it has to be understood as a time-limited and income-linked graduate contribution that people are making."
Full report on The Telegraph site