IFS says new rules in 2023 mean ‘incentives regarding whether to take gap year will crucially depend on expected future earnings’
Students aiming for high-earning graduate jobs will save £20,000 in loan repayments if they delay university entry, while middle earners face paying £30,000 more over their lifetime, according to new analysis by the Institute for Fiscal Studies.
The IFS analysis highlights how the government’s student loan changes in England, which come into effect next year, have drastically tilted repayments in favour of highly paid graduates.
