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230608 |
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230608 |
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230608 |
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Make ALL Student Loan Repayments Tax Deductable (not just the interest). |
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Currently students can be required to pay up to £9,000 per year to pay for university courses. For a typical BA/BSc this would be £27,000 excluding the cost of living. They also pay a high 6% interest rate on these loans, i.e. over 5% higher than the bank of England base rate. |
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The argument for student loans is that a graduate earns more over their life, so needs to pay more. However they also pay more tax, so it seems unfair to charge them 6% interest and expect them to pay higher tax rates.
For this reason I suggest that we make all student loan repayments, i.e. the interest AND capital repayments, tax deductible. |
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2018-10-17T08:54:44.066000+00:00 |
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2018-10-24T14:23:05.896000+00:00 |
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