According to the BBC, 132,000 students have yet to receive their first student loan payments this academic year, and it's almost the middle of November.
OK, so there has been a bigger intake of students this year because of a recession, but the delay of payments to students who have minimal income is inexcusable. It does not take much foresight to see that a recession means that more young people head to higher education rather than sitting on the dole queue - but the managers running the student loads failed to see this. So who is in charge?
Well, the Government isn't, that's for sure. Lord Mandelson told the Lords that "there is no excuse for the service which the company has provided." The fact that he condemns their failure is ironic - is the Government is control? - obviously not. Oh, and by the way, the Governments solution to this crisis is to hire experts to lead a review. So don't expect a solution before 2010...
So what is learnt from this disaster? Well, students will learn that a Labour government is rubbish with finances and is incapable of sorting out any problem in an efficient and prompt way. But we all knew that anyway...
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