Why that title? Well, the name seems to mislead people into thinking that the provider of student finance is a private institution, potentially making profit out of students, when it is in fact publicly owned. There are 20 shares in the SLC: 17 are owned by the Department for Education (which has responsibility for English-domiciled […]
interest rates
With the Comprehensive Spending Review due next Wednesday, I thought it might be worth making some general points about student loans (in anticipation of potential changes to repayment thresholds and other parameters). I do not think student loans are a good vehicle for redistributive measures. As I told a couple of parliamentary committees in 2017, […]
In modern states, demand for currency comes from the ongoing self-imposed liability for the currency. There is no need to pay savers in order for them to desire to hold the currency (interest on sovereign bonds issued for "deficit spending"). Any justification for doing so must rest on some other perceived benefit of paying savers.