The government has described the student loans system as unfair and broken; the other key stakeholders in the system, universities and students, have agreed. We also agree. The system, however well-intentioned, has resulted in most students never paying back their loan in full while engendering widespread dissatisfaction among graduates. It is untenable for the government to state publicly that the system is broken and unfair, but not take the necessary steps in successive Budgets to fix it. (Conclusion, Paragraph 29)