Abstract: | This article contends that over a long period of time there was growing support for a student loan scheme. In the event, the Thatcher Government adopted proposals which failed to consolidate that emerging consensus. What was it about the Government's legislation that achieved this political own goal? How can such politically maladroit behaviour be explained? What elements should the legislation have contained if the consensus were to be firmed up and enhanced? These are the key questions which we attempt to answer in this article. |