Student Loan Debt Equals Mortgage Problem
Published / Last Updated on 27/01/2008
Student loan debt will lead to a mortgage problem under a new deal between the government and credit rating agencies Experian and Equifax.
Graduates who have defaulted on student loan repayments may find it harder to borrow money or obtain a mortgage.
The government intends to supply credit reference agencies with the names of people who have defaulted on student loans repayments.
Our view
If students are mature enough to study, mature enough to borrow, mature enough to drink, they are mature enough to face the consequences of student loan debt.
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