In this story, the UK chancellor is quoted as saying:
Each year, around 60,000 young people who have worked hard at school, got the results, want to go on learning and want to take out a loan to pay for it, are prevented from doing so because of an arbitrary cap.
That makes no sense when we have a far lower proportion of people going to university than even the United States, let alone countries like South Korea.
Access to higher education is a basic tenet of economic success in the global race.
Is there evidence for this?