Student loans should be open to adults of all ages to use at any time of life
Student loans should be open to adults of all ages to use at any time in life as part of today’s Queen’s Speech plans.
The student finance system will be converted to a “right to life loan”, giving all adults access to up to four years of student loans.
The government said the loans would be available to be used flexibly throughout their lives, full-time or part-time, for academic or technical skills.
Higher education has remained unaffordable for many after tuition fees tripled under the Tories to over £ 9,000 a year.
This left graduates with tens of thousands of pounds in loans, many of which will never be repaid in full.
Instead, they are forced to pay a percentage of their salary above a certain threshold until the loans are written off decades later.
The government has not specified when the new system will be in place, how much it will cost or what it will look like exactly.
But Boris Johnson has claimed new laws will be “rocket fuel” for his upgrade program, which got off to a slow start almost two years after entering No.10.
No 10 said new laws would create an education and training system for adults and 16-year-olds that is “fit for the future”.
Other proposals include granting employers a statutory role in planning publicly funded training programs through a “skills accelerator” program.
Before the speech, Mr Johnson said: “These new laws are the fuel we need to raise the standard of this country and ensure equal opportunities for all. We know that having the right skills and the right training is the path to better pay jobs.
“I am revolutionizing the system so that we can move beyond the outdated notion that there is only one way to climb the career ladder and ensure that everyone has the opportunity to retrain or develop at any point in their career. life.”
But the Labor Party called for “action, no more rhetoric” as the opposition urged the government to present a “clear plan for Britain to work for workers”.
Labor MP Sir Keir Starmer said: “We must seize this moment to create a better future for the whole country.
“We also need to see details of long-promised plans to fix the flawed welfare system, reduce shocking levels of violent crime, and narrow the gap between different regions of the country.
“For the past 11 years, we’ve had a lot of rhetoric and the endless promise of tomorrow’s jam: this must now be turned into action.”
The ministers suggested that the speech will feature a long overdue overhaul of the social services sector. But it is believed there will not be any firm plans yet, although Boris Johnson says a plan was ready in 2019.
Sir Andrew Dilnot, who led a study on the future of social care funding that recommended cost caps in 2011, warned the government that not acting on the issue “may no longer be an option”.
He wrote in the Daily Mail: “Despite everything the government has bragged about about its dynamic legislative agenda, there is a risk that there will only be the briefest mention of social protection in the Queen’s Speech. , based on a promise to present a plan later in the year, but without any specifics.
As life expectancy increases and the population ages, the demand for social care increases rapidly. Additionally, the Covid crisis has shone the spotlight on the residential care sector, exposing low levels of delivery, lack of core resources and a besieged workforce.
“It is obvious that we cannot continue as we are.”