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Student debt is an economy-wide issue, not just a problem for students
A look at the US shows mounting student debt is a ticking time bomb, writes NICK MATTHEWS

THE introduction of student loans in Britain was meant to introduce a more vibrant, dynamic market for higher education.

The idea was that we would copy the United States and create a new higher education market with new entrant institutions financed by a larger number of students studying to improve their career prospects.

As the Treasury has been colonised by bankers, what was not to like about the fact that this would be financed by larger and larger student loans?

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