It turns out that having your student loan written off is not unheard-of – but neither is it cheap.
The decision to allow graduates who achieve a good degree in a "rigorous science subject from a good university" to apply to have their student loan written off shows that the Tories have no qualms in admitting that some universities are stronger than others.
Almost three-quarters of graduates from England will have at least some of their loan written off, the study, commissioned by the Sutton Trust, says.
But the repayment threshold would be raised from £15,000 to £21,000, with outstanding loans written off after 30 years.
Still, the amount of corporate loans written off by the bank, at $148 million, was down slightly from the fourth quarter of 2000.
It said that bad loans written off rose to an annual rate of 4.26percentt of total loans at the end of June, from 3.71percentt a year earlier, and that loans with payments more than 60 days past due rose to 4.53percentt from 4.27percentt.
Moody's said Thursday that it expected charge-offs, or loans written off as not being repaid, to continue to rise throughout 2009, eventually surpassing the peak rates seen during past recessions.
A sharp rise in lending to the world's poorest countries will leave them with crippling debt payments over the next decade, a few years after many had loans written off, a report has warned.
It would check if they had paid their taxes (a recent report found that 70% of parliamentarians did not file tax returns), whether they had defaulted on loans (many politicians use their influence to get loans written off), and so on.
Net charge-offs, loans written off as not being repaid, rose to $552.5 million from $168 million.
Charge-offs are loans written off as not being repaid.
