I met with the elected members of the Northumbria Students’ Union executive to discuss the upcoming academic year and the issues that matter to students. During the meeting, we discussed the importance of students registering to vote, student tuition fees and postgraduate loans.
The Labour Party Manifesto for the last General Election was clear: Labour will reintroduce maintenance grants for university students and abolish university tuition fees. Labour is committed to free education and believes no one should be put off from pursuing education through lack of money or fear of debt.
It is simply not fair that the total amount owed in interest on student loan debt by graduates is forecast to increase from £4.4 billion in 2018-19 to more than £8.5 billion in 2024. This rise is almost all from students under the post-2012 undergraduate loan system, who are suffering from both the Lib Dem/Coalition Government’s higher tuition fees and soaring interest rates. That is why a Labour Government would reduce existing student debt, as well as abolishing tuition fees.