questionText: To ask the Secretary of State for Education, what assessment her Department has made of whether the freezing of repayment thresholds for Plan 2 student loans from 2027 constitutes a form of fiscal drag; what assessment she has made of the distributional impact of this measure across different income groups and regions; what assessment she has made of the potential impact of frozen repayment thresholds on the ability of graduates to (a) save for a house deposit, (b) access mortgage lending, (c) build savings and financial resilience; and what assessment she has made of the wider economic impact of increased student loan repayment levels on consumer spending and living standards among low and middle income graduates.
answerText: Plan 2 loans were designed and implemented by the previous government and, given the inherited fiscal situation, we are making tough but necessary decisions.It is important to consider this change in the round. We have increased the repayment threshold fo...
heading: Students: Loans