70% Of College Grads Will Never Pay Off Their Student Loans

More than two-thirds of British college graduates will never pay off their student loans, according to research from the Institute for Fiscal Studies (IFS).

UK policy was making it easy for college graduates to avoid fully repaying their student loans, the study found, since large amounts of student debt is simply written off if loans aren’t repaid in 30 years.

“These new findings add to concerns the current policy of lending large sums to students to pay for their degree – rather than funding universities directly – is not sustainable over the long-term,” Andrew Gunn, a higher education researcher involved in the study at the University of Leeds, wrote in The Conversation Friday.

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