The Consequences of Income-Contingent Student Loan Debt for Graduates’ Lives in England
Keywords:
student loans, student debt, graduate debt, impact of student loan debt, income-contingent loans, EnglandAbstract
Faced with higher education expansion and limited public funding, governments globally have resorted to student loans to shift more costs onto graduates. However, there are growing concerns about graduates’ mounting debt, and its potentially damaging economic and societal consequences. Income-contingent loans are seen as a potential solution because of their protective features and image of fairness. Yet, research suggests that such an image is at odds with some graduates’ subjective experiences of income-contingent loan debt.
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