13 January event: Sale of student loans – how do we stop it?

On 13 January Red Pepper is hosting a teach-in at the House of Commons to discuss the sale of the student loan book and how best to stop it

January 7, 2014 · 3 min read

HC(This event has now passed)

 

How much do we know?

How much do any of us really know about the sale of student loans? The recent decision to proceed with the sale of £12bn worth of the pre-2012 Income Contingent Repayment student loan portfolio did not go to vote in parliament—it did not need to. In fact, it was only six months ago that plans to sell off the student loan book first saw the light of day, when the Guardian gained access to a report produced by Rothschild in 2011, the final chapter in a feasibility study commissioned by the coalition government. The purpose of the study was to investigate the possibility of monetising the student loan book and how best to do it; the Rothschild report duly obliged.

Yet nearly half a year later popular understanding of the technicalities, implications and motivations behind the sale of student loans has hardly improved and the same can, with a few notable exceptions, be said of media commentators and Labour Party MP’s. More positively, there have been a number of creative protests directed against the sell-off by the National Campaign Against Fees and Cuts and the Student Assembly Against Austerity, but the overwhelming consensus from experts and activists alike is that more is needed.

Teach-in at the House of Commons

To help remedy this information deficiency and hopefully stimulate further, broader resistance to the sale of student loans Red Pepper is hosting a teach-in at the House of Commons on Monday, January 13, 7.00pm. Attending will be a number of higher education experts and student campaigners and the evening will provide an excellent opportunity to hear and question those in the know and those already fighting against the sale of student loans. Entry is free, simply register your place here.

Speakers so far confirmed: 

Stefan Collini, Professor of English at Cambridge and author of ‘Sold Out’  in the London Review of Books , Oct 24, 2013.

Andrew McGettigan, author of The Great University Gamble: Money, Markets and the Future of Higher Education and the leading expert on the sale of  student loans.

Natalie Fenton, Professor of Media and Communications at Goldsmith and former president of the University and College Union.

**More TBC

Entry via Cromwell Green Public Entrance – Please allow at least 15 minutes to clear security.


The Gold Vaults of the Bank of England [Credit: Bank of England]

Fighting the inequality pandemic: the case for a super-tax

Keval Bharadia argues for a super-tax on financial markets to curb extreme inequality in the wake of Covid-19

Breaking the Big Pharma stranglehold

Affordable healthcare means breaking the stranglehold that Big Pharma has on our medicines system, writes Dana Brown

Gender, class and cliché in Normal People

The BBC hit drama shows the complexities of class mobility, but can’t avoid class and gender stereotypes, says Frances Hatherley


Momentum

Forward Momentum: democracy isn’t a distraction

Democracy isn’t a distraction, says Deborah Hermanns - it’s the only way to transform Momentum and the Labour Party and effectively build power in our communities.

Transgender Pride Flag

This government is failing trans people: Labour must take a stronger stand

Aisling Gallagher explains why Liz Truss’ recent rhetoric on proposed reforms to the Gender Recognition Act signals a worrying shift.

The politics of Covid-19: a crisis for cleaners

Cleaners are being ignored in the government’s provision of a safety-net during the pandemic. The current crisis is rooted in a long history of domestic work being made invisible, writes Laura Schwartz