University graduates
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Student loan early repayment penalty 'abandoned'

Plans to impose penalties on students in England who pay off university loans early are to be abandoned.

Business Secretary Vince Cable had intended to introduce an early repayment penalty.

It could have cost graduates thousands of pounds if they had cleared their debts within 30 years of leaving university.

Vicky Young reports.

  • 16 Feb 2012
  • From the section UK