THOUSANDS of students in Scotland are being asked to repay more than £2,000 each as a result of a Scottish Government measure aimed at cutting debt.
About 3,000 postgraduates are being told they must immediately pay £2,200 for the one-off graduate endowment charge.
The move is a consequence of the Scottish Government's decision to end the endowment.
Students were previously told to pay off the endowment when they completed their studies.
However, because the tax is being scrapped , all outstanding debts are now being collected by the Student Awards Agency for Scotland (SAAS).
Student leaders have warned the measure could lead to an increase in debt, and have called on Fiona Hyslop, the education secretary, to intervene.
A Scottish Government spokesman said: "Some students who completed undergraduate courses in 2005, 2006 and 2007 and have continued studies to postgraduate level were allowed to defer the payment of the graduate endowment until they completed the course. This did not affect the date of liability.
"Now that the graduate endowment fee had been abolished and the scheme is being wound up, SAAS are no longer in a position to allow these students to defer."
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Showing posts with label 000 bill in bid to cut debt. Show all posts
Showing posts with label 000 bill in bid to cut debt. Show all posts
Monday, 26 May 2008
Posted by Debtsgone LTD at Monday, May 26, 2008 0 comments
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