Truth of the day: The Student Loan system is a racket which needs reform before it is expanded . Excerpt: It is not commonly appreciated the extent to which the Student Loan system is based on lies. The first deception is that the system is progressive. This is untrue. Wealthier students either opt out of it, with the help of “bank of Mum and Dad”, or repay early, with help of large City salaries. Below them is a cohort of people who earn enough to be constantly required to repay while in employment, but never enough to repay the liability. This particularly effects women, who take career breaks for childcare, or those in caring professions like nursing or medicine. As The Great University Con spells out this is very true, we are saddling a generation with unrepayable debt for a lot of useless degrees. I agree with that book's author that we need to get rid of the idea that you need a degree to be a nurse, police officer, etc, and scrap the 50% of students going to uni goal. If w...