This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Percentage change, Maximum prices, Merit Goods, Positive Externalities 

Click to read the article below and then answer the questions:

UK graduates to pay more as repayment threshold on loans lowered

  • Calculate the percentage decrease in the salary threshold for repayment of student loans from £27,295 to £25,000 

  • The cap on tuition fees represents a maximum price. Draw a diagram to show how a maximum price works

  • Higher education is a merit good. Evaluate whether the market will be more prone to failure as graduates are asked to pay more

John Greenwood, Bromley High School for Girls 

Copyright The Financial Times Limited 2023. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this article

Comments

Comments have not been enabled for this article.