Government pulls back from graduate tax

The government has abandoned plans for a graduate tax to replace student loans after failing to gain public support. Market-rate loans are now being considered as an alternative to ease the government's funding burden.
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According to today’s Guardian, the government is backing away from its earlier proposals to impose a graduate tax to replace student loans, which have been unpopular. Now the graduate tax has also, apparently, not made it past the focus groups. It is reported that loans at market rates could be introduced instead. This would ease the funding burden on the government, but it’s hard to see how it would gain popularity.

According to today's Guardian, the government is backing away from its earlier proposals to impose a graduate tax to replace student loans, which have been unpopular. Now the graduate tax has also, apparently, not made it past the focus groups. It is reported that loans at market rates could be introduced instead. This would ease the funding burden on the government, but it's hard to see how it would gain popularity.

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