There will be no extra charge on students who want to pay back their loans early after they graduate, Business Secretary Vince Cable has confirmed. The UCU lecturers' union said it was a "policy designed to make life easier for the wealthiest". Mr Cable had denied claims from MPs that this was a "trade off" for making Les Ebdon university access chief. He said the deal for students was "fair, sustainable and progressive". The decision on whether to allow students to pay off their loans early without any penalty had been put off throughout the negotiations over raising tuition fees....Read more here---: Student loans: No early repayment penalty, Cable says