The effects will be felt immediately, in fact even before they are implemented, the effects being sought will be felt on the day the policy is announced.
I meant economic benefits for 'our society' / nation / debt etc.
The government are still paying the same amount of money but instead of giving students £3,500 to pay the unis and then paying the remaining (im guessing £5,500) themselves. They are giving students £9,000 through the loans company and making them pay it back much later. But this 5.5k isnt coming back into the economy this year or the next........
I meant economic benefits for 'our society' / nation / debt etc.
The government are still paying the same amount of money but instead of giving students £3,500 to pay the unis and then paying the remaining (im guessing £5,500) themselves. They are giving students £9,000 through the loans company and making them pay it back much later. But this 5.5k isnt coming back into the economy this year or the next........