Students: Loans

(asked on 14th May 2026) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, if she will ensure that future people that attend university will not have the repayment thresholds for their student loans altered after taking them out.


Answered by
Josh MacAlister Portrait
Josh MacAlister
Parliamentary Under-Secretary (Department for Education)
This question was answered on 20th May 2026

This government increased Plan 2 repayment thresholds in April 2025 and again in April 2026, to protect lower-earning graduates and keep more money in their pockets. Between 2012 and 2024, then governments only increased repayment thresholds twice throughout that period.

The government recently capped interest rates on Plan 2 loans at a maximum of 6% and is considering a range of options to make the system fairer. In order to be fiscally responsible, consideration must be taken regarding how any change would be funded.

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