David Willetts says taxpayers footing too much of the bill for university students’ unpaid loans
The government should build universities in places such as Blackpool to help regenerate local economies, and boost higher education funding by making graduates repay loans more quickly, according to the minister who created England’s current student funding system.
David Willetts, the former universities minister who oversaw the switch to £9,000 student loans for tuition fees in 2012, said taxpayers were footing too much of the bill for unpaid loans.