The over effect is to make university education less palatable to all sector in the population as all will feel th efinancial and psychological pressure of being saddled with £40k of debt as soon as they leaves Uni and get their first job, especially as the high interest rate ensures that the debt total will continue to sawr.
The overall effect is to make university education less palatable to all sections of the population as all will feel the financial and psychological pressure of being saddled with £40k of debt as soon as they leave University and get their first job, especially as the high interest rate ensures that the debt total will continue to soar.