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…ate investment through the sale of bonds. Repayments would be made on an income contingent basis following the completion of the course – once a graduate reaches a minimum earnings threshold. The proposal addresses two fundamental weaknesses of the current system. It reduces the costs to Government of the current loans system – freeing up taxpayers money to invest in a higher number of students. It also replaces the current complicated system that…

…University of Wales Institute, Cardiff, University of Wales, Newport, University of the West of England. For further information, please contact: Communications Team, Oxford Brookes University on 01865 484454…

…Business Secretary today, Libby Aston, Director of University Alliance said: “This is a welcome announcement from Government. An effectively implemented Graduate Contribution Scheme would address two fundamental weaknesses of the current system – reducing the cost to Government, freeing up money to invest in a higher number of students and replacing a complicated and poorly understood system that ensures that those even on the lowest incomes are a…

…University, University of Wales Institute, Cardiff, University of Wales, Newport, University of the West of England. For further information, please contact: Tim Field, University Alliance on 0203 178 7491 or email press@www.unialliance.ac.uk…