England's higher education funding system has been reformed many times, leading to a system based on high fees and loans. Undergraduate tuition fees for full-time students were introduced in 1998 and rose to £3,000 a year in 2006, increasing further to £9,000 in 2021. Through a series of in-depth interviews, this report from Professor Claire Callender and Dr Ariane de Gayardon explores the views of 48 graduates from the 2006 funding regime and 50 graduates from the 2012 funding regime, with the results providing much needed insights into graduates' perspectives of the English student loan system. [This work was co-prepared by UCL Institute of Education's Centre for Global Higher Education.]