Len Shackleton appears on BBC Radio 4's World at One
In the interview Len argues that the advantage of maintenance loans is that they’re forward looking. How much you pay back depends on what you earn in later life, not on what your parents incomes are at the time. It is always unpleasant for grants to be taken away; there is a logic to maintenance loans.
Listen to the full interview here. Len’s segment begins at 39:11
Further IEA Reading: Universities challenged: funding higher education through a free-market ‘graduate tax’