Please see this account in the Guardian. The conclusion is that the Government’s proposed changes to the student loan scheme, although apparently minor, in fact would have significant impact. While, much less surprisingly, the changes to maintenance grants would have a still greater impact. So, more debt for students. The important subtlety to the report is that this ‘more debt’ would affect certain groups much more than others, women more than men, students from poorer backgrounds more than those from wealthy backgrounds. The net result is yet another increase in income and wealth inequality.
I might add that, unless there are other measures in place, the changes would affect most precisely those services the Government says it wants to encourage: teachers and nurses, for example.