Clause 23 - Condition that may be required to be imposed by English funding bodies
Higher Education Bill
5:15 pm
Mr Chris Grayling (Epsom and Ewell, Conservative)
My hon. Friend makes an extremely good point.
I conclude with a simple statistic. I have carried out a great deal of work on modelling the impact of top-up fees on individuals in vocational graduate jobs; for example, radiographers in the NHS and political scientists. Under the current system, a radiographer coming out of university and going to work in the NHS would have to repay around £12,500 to pay off their loan in full, taking into account the repayments of principal and interest payments. Under the Government's proposals, the amount to repay, including interest and principal, will rise to £26,500. If that is not a deterrent, I do not know what is.
Further consideration adjourned.—[Derek Twigg.]
Adjourned accordingly at twenty-eight minutes to Six o'clock till Thursday 26 February at ten minutes past Nine o'clock.