00:00Members of Parliament are launching a new inquiry into the student loan system amid growing concern
00:06from graduates about repayment terms. The Treasury Committee will examine whether freezing the
00:12repayment threshold for many borrowers in England is fair. Graduates with so-called Plan 2 loans
00:19repay 9% of earnings above the threshold. The government has announced the level will remain
00:25at £29,385 between 2027 and 2030. Campaigners argue the change means some graduates will repay more
00:37overall. The Department for Education says the system protects lower earners and balances are eventually written off.
Comments