Rachel Reeves says freezing the plan 2 threshold is “fair and reasonable”… 🎓 but freezing thresholds means more graduates are pulled into repayments sooner, and monthly deductions rise even if real wages haven’t. it also highlights the growing differences between the student loan plans – basically a lottery depending on when you started uni. and the idea that repayments need to rise to fund the NHS… 🙃 if the government wants a fairer system, reversing the Plan 2 threshold freeze would be a goo
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Pressure is mounting on the government over the affordability of student loans, after a decision by Chancellor Rachel Reeves to freeze the earnings threshold where graduates begin repayments. We also speak to the president of the National Union of Students Zamzam Ibrahim. | Channel 4 News
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The government is under pressure to reform student loans after Times Money exposed the punitive terms that are trapping a generation of graduates into debt they will never pay off. With the support of the National Union for Students we are calling for the terms of Plan 2 loans, taken out by students who began university between 2012 and July 2023, to be ripped up and rewritten. We think the government should: • End the freeze on the salary repayment threshold • Cut interest rates • Introduce a l
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