(Bloomberg) -- Jeremy Corbyn inflicted an electoral blow on Theresa May last month by appealing to young voters with a promise to scrap university tuition fees if his opposition Labour Party won power. High fees and large maintenance loans mean students in England now graduate owing almost 51,000 pounds ($66,000) on average, according to the Institute for Fiscal Studies. Most will still be paying off student loans into their 50s and three-quarters will never clear the debt, the IFS analysis found.
To contact the reporter on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net.
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint, Eric Coleman
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