Fianna Fáil attempt to sweeten up students ahead of election with some radical proposals
26 Oct 2015
Fianna Fáil will arrange a new initiative that will give students more attractive loan packages if they are elected to government in the general election that will be held early next year. The party aim to set up a new lending agency that will offer student loans with low-interest to help meet the costs of education. In a move that will be extremely attractive to students the new state-backed loans would mean that they wouldn't have to pay any of the money back until they start earning over €30,000 a year and that all unpaid debts would be written off after three years. The party would also freeze the €3,000 student levy for at least five years to ensure that doesn't increase the cost of education. Another move that would prove hugely popular would be the re-introduction of postgraduate level grants after they were abolished in 2012 in a move that would cost the state €47 million a year.
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