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But, on balance, I believe siding with increased access through funding more places is the right thing to do, Moreover, it puts us on track to create a truly sustainable higher education system – both fiscally and socially - not just a progressive repayment system.
The loans have little in common with private borrowing - there is a progressive repayment system that benefits those in low-paid work or with caring responsibilities".
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The £194m includes £43m for Aberdeen Progressive repayments and some £7m for costs, so the real pay-out is £143m.
That will be a much more progressive system for repayment than we have at the moment.
Is progress necessarily progressive?
That is why the IFS has said: "The proposed reforms to repayments are highly progressive and ensure that [the] poorest 30% of graduates are better off than under the current system, whilst ensuring that the richest 30% of graduates pay off their loans in full".
The Liberal Democrats are pre-empting the report by highlighting such "progressive" measures - in which repayments on loans will be more expensive for graduates in higher-paid jobs.
The resulting spread of repayments would be more progressive than under the current system, in the sense that lower-earning graduates would pay less and higher-earning graduates would pay more," it said.
The resulting spread of repayments would be more progressive than under the current system, in the sense that lower-earning graduates would pay less and higher-earning graduates would pay more".
While the failure has been mitigated by the progressive nature of the income-contingent loan repayment scheme, making what students owe more of a future tax code than a personal debt, it has since been "unmitigated" by the failure to predict and prevent so many universities pitching the fee level at £9,000.
Supporters say that makes Mr. Browne's plans more progressive than the current system, under which repayments begin when income hits £15,000 and part-time students are not covered.
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