Student finance is broken. A graduate tax is the only solution | Simon Jenkins

Theresa May is right to criticise current tuition fees. The whole system needs overhauling

Britain’s student loan scheme is the worst public-sector project in modern history. It has put the nation’s graduates £100bn in the red, currently predicted to rise to £330bn by 2044, of which three-quarters will not be repaid. The rest is dumped on the taxpayer. This cannot go on. Extravagant, distorting and unfair, the existing loans system was transformed by Tony Blair’s introduction of tuition fees i...