NAO Critical Of Student Loan Recovery System

The National Audit Office (NAO) has criticised the government for not doing enough to recover student loans.

According to the NAO the outstanding loan debt stands at £46 billion and is predicted to rise to £200bn over the next 30 years.

An NAO report claims that around half of all students are not expected to earn enough to repay their loans, and highlighted over £5bn owed by almost 400,000 students who whereabouts are unknown.

It is understood that the increase in tuition fees has lead to higher levels of student debt, with the spending watchdog saying that the government needs "much tighter scrutiny over levels of repayment".

"It is essential that government collects every pound it can of the debt that should be collected," the NAO said.


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