Student loans company calculator
The Student Loans Company calculator which enables students to work out what they can afford to borrow to fund going to university has been removed from their website after the assumptions behind its repayment calculations were challenged. Education author and blogger Andrew McGettigan had claimed that the calculator gave unrealistic projections about likely earnings after graduation. The student loans company told Money Box that it is now developing a new version of the calculator which will reflect female earnings and reduce earnings growth rates. It currently remains off line.
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