The University of East London’s chaplain today said some students have turned to prostitution after getting mired in debt. The university claims to be the first to outlaw the firms — which offer short-term, unsecured loans at crippling interest rates — anywhere on campus, including in magazines, on posters and online. UEL said the ban had been imposed because more students were using payday loans to tide themselves over between grants and student loans. Rev Jude Drummond, the chaplain,...
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