THENATIONALPULSE (Pulse Wires) - One in Five Subsidized Student Loans Are Going to Foreign Nationals.
Non-British citizens account for one in five student loans in the United Kingdom, according to new research.
The rising share of foreign students taking out tuition and maintenance loans in the United Kingdom, many of whom do not repay them, has sparked concerns about waste, fraud, and abuse . PULSE POINTS WHAT HAPPENED: - DETAIL: The share of student loans going to non-citizens has risen from 10.2 percent to 19.3 percent. This means that the share of student loans going to non-citizens has roughly doubled over the past decade. Foreigners from the European Union (EU) represent a large portion of these non-citizens, especially Romanians, who account for one in 20. Foreign students were handed approximately £4 billion (~$5.4 billion) in tuition and maintenance loans overall. Foreign students are also 25 percent less likely to repay their…Open