questionText: To ask the Secretary of State for Education, what assessment her Department has made of the potential impact of freezing repayment thresholds and interest rate arrangements for Plan 2 student loans from 2027 on (a) low and middle income graduates and (b) the wider financial circumstances of young adults; what assessment she has made of the implications of these changes for the Government’s policy objective of ensuring that the student finance system is fair for students, graduates and taxpayers; whether her Department has assessed the impact of applying changes to repayment terms to existing borrowers who entered into loan agreements under previous conditions; and whether she has considered the case for greater regulatory oversight of student loans, including by the Financial Conduct Authority.
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