Government ‘mis-sold student loans’ to teenagers, MPs say

A group of MPs has accused the government of knowingly mis-selling student loans to teenagers. The Department for Education (DfE) utilised promotional materials that compared monthly repayments to low-cost items and mobile phone contracts. According to a new report, students were not sufficiently informed that their loan terms could be changed retrospectively. These actions are claimed to have misled unsuspecting teenagers regarding the actual conditions and long-term financial obligations associated with their student loans.