Tag : debt

The Zimbabwean Economy: From Mugabe to Droughts to Inflation to 2017

9 months ago / 0 comments

Under the ZANU party led by Robert Mugabe, Zimbabwe became an independent country in 1980, freed from British colonial rule. This naturally presented challenges to governance: how could Zimbabwe disinherit its colonial institutions and become a new nation in a way which was economically viable and sustainable for its people? … Read More

Will the New Budget Solve Our Debt Problems?

10 months ago / 0 comments

Last week, news broke that the Chancellor was looking at ways to fill a black hole of nearly £20bn in the public finances before the budget later this month. Recent analysis shows that the deficit is likely to rise to nearly £36bn in the next four years, double the forecast … Read More

Student Loans Company Chief Sacked for Gross Misconduct

10 months ago / 0 comments

The chief of the Student Loans Company, Steve Lamey, has been sacked after a long investigation into his conduct and behaviour. Lamey was suspended in July and it was announced this week that his contract had been terminated. He has held the post for just over a year, with a … Read More

University Refuses to Waive Fees Following Funding Scandal

11 months ago / 0 comments

Some of Nigeria’s brightest undergraduate students in the United Kingdom have had their funding withdrawn by the Nigerian government without their knowledge, leaving many facing deportation. The Nigerian High Commission confirmed that 152 students had been affected by the scandal, and stated that the bursary scheme had folded as a … Read More

The long road to recovery for Puerto Rico

11 months ago / 0 comments

When Storm Maria hit the headlines, the newscasters focused on the damage done to the states it had affected in the USA. People watched the destruction in horror, shocked by the sight of homes and lives not dissimilar to their own be swept away by a storm of biblical proportions. … Read More

Should We Really Be Scared of Student Debt?

12 months ago / 0 comments

Following a report from the Institute of Fiscal Studies earlier this year, it was revealed that over 70% of students who left University in 2016 are expected never to repay their student loans in full. These figures suggest that future university graduates will be in a similar position: saddled with … Read More

1 in 3 students can’t afford food

2 years ago / 0 comments

Study claims students are struggling to afford necessities and are having their health put at risk by high debt. New research has revealed that debt is adversely affecting students in ever greater numbers. The scrapping of the maintenance grant and a further rise in tuition fees has spiralled the cost … Read More

Former Leeds Student sent Student Loans bill ten years after her death

3 years ago / 0 comments

The Student Loans Company (SLC) has apologised after sending a statement of debt to an undergraduate who died ten years ago. Tania Scott, who was aged 20, died in a taxi crash in Brazil in 2005 alongside her father. She was studying Spanish and Portuguese at Leeds University at the … Read More

News | Let University buy your student debt, says minister

4 years ago / 0 comments

The Government is researching an idea that would give universities more power to control their students’ debt. It has been suggested that universities buy graduates’ loans from the Treasury to create direct repayments, with the institution profiting more as the student repays more money. The proposal aims to tackle an … Read More

News | Unfair uni stops you graduating

5 years ago / 0 comments

The Office of Fair Trading (OFT) has hit out at the University as being “unfair” and “unreasonable” for stopping students with outstanding debts from graduating. The Leeds University library website states: “If you are in debt to the University you may not be able to graduate”. Nisha Arora, Senior Director in … Read More