Interview: Calvin Klein
Harry Potter
Fashion Show
→ Part 2, p.10
→ Part 2, p.4
→ Comment, p.16
The giant of fashion and menswear pays a visit to Cambridge
www.tcs.cam.ac.uk
Government crackdown on loan payments “We will trace and prosecute borrowers who don’t pay”
T
he Government have threatened that people who avoid payment of their student loans may face prosecution. Ministers have also pledged to pursue graduates living overseas who are dodging payments in a new ‘Joint Repayment Strategy’. Universities Minister Jo Johnson argued that “it is vital that the repayment process is robust” especially given that the new loans are being issued annually to new students. Punishments for those who evade repayment could include levying penalities, serving default notices to credit histories, or “the use of litigation where appropriate and cost-effective”. The crackdown follows a complaint from the National Audit Office, the Public Accounts Committee and the Business, Innovation and Skills Committee which called for greater action to improve the repayment system. Currently, £8.3 billion of student loans is held by borrowers who are either in arrears, non-paying or unverified. While 98% of the outstanding balance is thought to be held in Britain, where 72% of borrowers had up-to-date files, 123,000 of the Students Loan Company 5.5 million debtors live overseas. £457 million of the debt is held by by nonpaying or “unverified” borrowers who live abroad. However, the SLC said: “Not all unverified borrowers will owe money. While some do, others may not be working, may be in receipt of benefits,
Pretentious and elitist or a radical show?
The
18 February 2016 Vol. 17 Lent Issue 6
Stevie Hertz and Freya Clarke Deputy Editor and Deputy News Editor
Has the phenomenon gone too far?
not earning enough to repay or may be between jobs.” Australia is the most popular destination for graduates with debt. Under a new two-way partnership, with the government in Canberra, information about non-paying graduates will be shared both ways. This follows a trial policy with Sweden and the Netherlands, where 90% of ‘lost’ debtors were found and 20% of those then went on to make payments after recieving only one letter. Other European Union countries are set to join the movement, leading to a “wider European approach to data sharing”, according to the report. Alongside these global initiatives, the SLC is hoping to use debt collection services and “tracing agencies”. In a written statement to the House of Commons, Johnson stated: “We will take stronger action to trace borrowers including those overseas, act to recover loan repayments where it is clear that borrowers are seeking to avoid repayment, consider the use of sanctions against borrowers who breach loan repayment terms and, if necessary, prosecute.” However, he acknowledged that this may not be a permanent strategy, writing that it will be kept “under review” reporting annually on their progress. Students who took loans out after 2012 start repaying their loan when they earn £21,000 a year or more. Concerned student Abigail Sharp welcomed Johnson’s announcement: “I am pleased that this action is being taken as it will allow the Government loan scheme to continue and make it possible for people from disadvantaged backgrounds to afford higher education.”
Cambridge Student
Regeni: More calls for inquiry into death TCS News Team
An emergency motion stating that there should be a “complete and full investigation into Giulio Regeni’s death’’ was submitted to Monday’s CUSU council meeting, proposed by the CUSU sabbatical officer team. The motion was passed unanimously, with 26 votes in favour from JCR Presidents and Vice-Presidents, alongside other members of the University. There were no objections to or debate of the motion. The motion also mandates the CUSU sabbatical officers to sign the UK Parliament Petition, calling for a full investigation into the circumstances surrounding Giulio’s death, and mandates the CUSU President to write an open letter “to be signed by JCR and MCR Presidents, Student Representatives and students, to the British Ambassador to Egypt.’’ A friendly amendment was submitted, mandating the President to contact the Italian Ambassador as well. The petition, currently at 4,600 signatures, needs 10,000 in order for the Government to respond, and 100,000 in order to be considered for debate in Parliament. The CUSU council motion comes on the heels of other calls for investigation and mounting pressure on the Egyptian and Italian authorities to investigate Regeni’s death. The Guardian reported last week that more than 5,500 academics from around the world have signed a letter protesting his death and demanding an investigation. Giulio Regeni was a PhD student at Girton College in Cambridge, researching independent trade unions in Egypt. His mysterious disappearance in Egypt, and the discovery of his body nine days later marked with signs of brutal and inhumane torture, have sparked outrage and anger, with the The E-Luminate Festival shined a new light on the Great Gate of Gonville Italian foreign minister saying they and Caius College this week Image: Will Lyon-Tupman would not “settle for alleged truths.”