Member

Our other concern relates to the marginal tax rate that graduates face. Alongside the increased fees, the Government have increased the maintenance loans available to students, meaning that graduates will pay a 51% total tax rate if they hit £50,000 of earnings. At over £60,000 of earnings, graduates with children, in particular postgraduates, face marginal rates in the 58% to 73% range, which used to apply in the form of a supertax on the very wealthy only. I recognise the financial burdens that universities face but this seems an incredibly high tax rate for students.