I have three children, all of whom went through university under different student loan regimes; the last one started university in 2012, just as the fees went up to £9,000.
This probably reflects the adverse impacts of the new fee and loans regime for these students and the reluctance of employers to contribute towards their costs.
The IMF recently reminded Egypt that it must follow through on previously promised reforms in order to receive the first instalment of the loan, which the regime hopes will stimulate the economy.
Unlike financing in grant form, the loans allow the regime to exert complete control over the funds.
Rutherford's government instead opted for a regime of loan guarantees: the Grand Trunk Pacific Railway and the Canadian Northern Railway (CNR) had their bonds, which were to pay 4% per year over their thirty-year term, guaranteed at a rate of $13,000 per mile of railway constructed.
New entities created through secession typically are keen to receive recognition of their legitimacy because of the benefits this confers, including access to favorable trade regimes, loans and credits from international agencies such as the World Bank and International Monetary Fund, and the ability to participate as an equal with other states in the making of international law.
Among the many things that horrified him about the Thatcher regime was student loans: he knew that he, and other grammar school boys, such as Frayn, were given a future by not having to pay for university.
Staying flexible is important: keeping open the option of revising the list could provide greater leverage for James Baker, who has been tapped to persuade Russia, France and Germany to forgive loans made to the former regime.
In contrast, Carter and Zbigniew Brzezinski, his national security adviser, made human rights a cornerstone of US foreign policy and were exerting pressure on Argentina's military regime by withholding loans and sales of military equipment.
But the International Monetary Fund said it was ready to be "helpful", having previously denied loans to Mr Shevardnadze's regime because of its failure to tackle widespread corruption and tax-dodging.Besides its dire economic straits, Georgia is at risk of falling to pieces altogether.
