Martin Lewis' summary of what the Augar report means

My quick and dirty VIDEO summary of what the Augar report proposals would mean for students, inc:

- Why overall it means the state pays less, the individual pays more.
- Why lower tuition fees and maintenance grant primarily help higher earners

[coops]

Will this apply to people who've already finished university?

[TheStevenWhiting]

Wipes are a set time? Is that the new system? The Student Loans Company system I was always told wipes after a set time, but when I asked Student Loans Company about this, they told me "That's wrong. It never wipes out, you'll always have to pay it back". I paid it back eventually but overpaid so they had to pay me some money back. That was several years ago now though.

[davechandradasa]

I am 54, went to university for free. It is so unfair that students have to pay a graduate tax if they earn over the threshold. Pension age has also gone up and maybe state pension maybe nonexistent when current students retire. We have had it so good in comparison.

[JodyNate]

Question:

Will they stop selling off the Student Loans to debt collectors and applying for CCJ(S)?

Will past students be forgotten or included in this change?

[mathewabraham]

where can i watch your money show online, it seems unavailable to watch on any site