Student loans to be opened up to adults of all ages to use any time in life

Student loans to be opened up to adults of all ages to use any time in life

The system will allow people of any age to get up to four years of student finance – but comes after the Tories tripled tuition fees to more than ?9,000 a year

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Student loans are set to be opened up to adults of all ages to use any time in life under plans in today’s Queen’s Speech.

The student finance system will be converted into a Lifelong Loan Entitlement’, giving all adults access to up to four years of student loans

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The government said the loans will be available to be used flexibly across their lifetime, full- or part-time, for university or technical skills.

Higher education has been left unaffordable for many after tuition fees tripled under the Tories to more than ?9,000 a year.

That has left graduates with tens of thousands of pounds of loans, many of which will never be paid back 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 set out exactly when the new system will be introduced, how much it will cost or exactly what it will look like.

But Boris Johnson claimed new laws will be «rocket fuel» for his levelling-up agenda, which has had a slow start almost two years after he entered No10.

No 10 said new laws will create a post-16 and adult education and training system that is «fit for the future».

Other proposals include giving employers a statutory role in planning publicly funded training programmes through a » skills accelerator» programme.

Ahead of the speech, Mr Johnson said: «These new laws are the rocket fuel that we need to level up this country and ensure equal opportunities for all. Fortsett å lese «Student loans to be opened up to adults of all ages to use any time in life»