Writing off student debt cheaper than claimed, says IFS

Student loan debt that is not repaid after 30 years is written off.Writing off existing student loans could cost the government as little as £10bn, well below the £100bn figure quoted by politicians, according to new analysis by the Institute for Fiscal Studies.The IFS calculated that immediately scrapping the debt for university tuition would add £20bn to government debt, but that delaying the decision until the end of the current parliament in 2022 would add £60bn.