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@kidboy
Sorry to repost from my previous post but here are a few figures
The Institute for Fiscal Studies says that, for about half of graduates, the plan is essentially a 9% graduate tax for 30 years, because they will not finish paying off the debt by the 30-year cut-off point.
Assuming fees of £7,500 for a three year degree, plus maintenance loans, its modelling shows that the top 10% of graduate earners will clear their debts, on average, in about 15 years. But a middle-earning graduate would need to earn, for example, an average of £48,850 a year for 26 years to pay off their debt.
They are also looking at a charge for paying loans off early. With charging interest (0% - 3%) those that take near the 30 years to pay off the debt will in effect pay more than those who pay off in say 15 years.