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Denham says the government has underestimated the amount of money it will have to write off through students being unable to repay their loans.
This week London Economics, found that if the write-off of students loans increased beyond 48.6%, "the economic cost of the 2012-13 higheducationion reforms will exceed the 2010-11 systhatthat it replaced".
No educational institution worth its salt wants to write off a student, but it does have to make a big deal of cheating because it undermines everything the teachers are trying to achieve.
The report says that at least one financial planning company is telling law school students that the changes could allow them to write off $100,000 in student debt.
From the comfort of the moral high ground the SNP railed against the Liberal Democrats for U-turning on tuition fees, conveniently forgetting that its own 2007 pledge to write off student debt had never been implemented.
But worse, the write-off of student loans has now spiralled to over 40%.
He also promised to write off the debts of science, technology, engineering and maths university students and called for "coding" to be a teaching priority in all schools.
Don't write off the benefits of scanning.
A graduate joining Mustoes might expect to start on pounds 20,000-pounds 25,000, but the management consultants will pay tens of thousands more than that for the cream of the crop, writing off their student loans to boot.
From those graduates who would happily swap a year or two of teaching in return for writing off their student loans.
As part of a complex accounting process, the Scottish government annually writes off about 30% of each year's student borrowing to cover expected non-repayment of debt and its subsidy of a low interest rate.
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CEO of Professional Science Editing for Scientists @ prosciediting.com