So, I have just been reading through the glossy leaflet supplied by the Student Loan people about repayment of my loan. Although the interest rate is just casually stated somewhere in the middle it would appear to be getting on for double what it used to be. And then there is the small fact that although repayments have been automatically deducted from my wages they won't be taken off what I actually owe until April. On this basis, the interest I will end up paying is not simply "rate of inflation" as is claimed. If this was a private company they could rightly be done for false advertising and making misleading claims.
I'm quite annoyed to be honest. I wonder how many people haven't even read this small print and are obliviously paying back their loans without thinking about it.
Those of you up North will probably still vote Labour because "income tax hasn't really increased" but to me this is just another example of a dishonest government bleeding us for more money.