Asked by: David Chadwick (Liberal Democrat - Brecon, Radnor and Cwm Tawe)
Question to the Department for Education:
To ask the Secretary of State for Education, what estimate she has made of the number of Plan 2 student loan borrowers who will repay at the higher interest threshold as a result of the freeze to the Plan 2 repayment threshold.
Answered by Josh MacAlister - Parliamentary Under-Secretary (Department for Education)
Freezing the Plan 2 repayment and interest rate thresholds for English borrowers means the upper threshold, used for calculating the variable portion of Plan 2 interest rates, will be lower than previously projected. This means more borrowers will be charged the highest rate of interest but only where their income increases.
The department does not break down estimates of loan borrower numbers by the rate of interest paid.
Asked by: David Chadwick (Liberal Democrat - Brecon, Radnor and Cwm Tawe)
Question to the Department for Education:
To ask the Secretary of State for Education, what estimate she has made of the number of Plan 2 student loan borrowers who will begin making repayments as a result of the freeze to the Plan 2 repayment threshold.
Answered by Josh MacAlister - Parliamentary Under-Secretary (Department for Education)
The department currently forecasts around 240,000 additional English Plan 2 loans (4.8% of all English Plan 2 loans for which borrowers are eligible to make repayments) will see a repayment in financial year 2030/31 given the announced threshold freeze when compared to a scenario with inflationary increases to thresholds. These are current estimates and are subject to change given updates to economic forecasts and other key forecast inputs.
The department will release an equalities impact assessment, including the impact on the number of borrowers forecast to make obligatory repayments, alongside other borrower impacts.
Asked by: David Chadwick (Liberal Democrat - Brecon, Radnor and Cwm Tawe)
Question to the Department for Education:
To ask the Secretary of State for Education, if she will consider a permanent fund for therapeutic support for adoptive and special guardship families.
Answered by Janet Daby
I refer the hon. Member for Brecon, Radnor and Cwm Tawe to the answer of 29 January 2025 to Question 26025.
Asked by: David Chadwick (Liberal Democrat - Brecon, Radnor and Cwm Tawe)
Question to the Department for Education:
To ask the Secretary of State for Education, whether an emergency fund will be made available to adoption and special guardianship therapy providers to ensure there is no break in existing therapy work with children and families.
Answered by Janet Daby
I refer the hon. Member for Brecon, Radnor and Cwm Tawe to the answer of 29 January 2025 to Question 26025.