Question

To ask Her Majesty’s Government what assessment they have made of the impact of changes in student loan repayments to freeze the £21,000 income threshold cap on students and graduates from lower and middle incomes.

The Government published an Equality Analysis of the impact of freezing the student loan repayment threshold on 25th November.

All borrowers whose earnings are above the repayment threshold will pay around £6 per week more (in nominal terms) by 2020/21. Those individuals with the lowest lifetime earnings will be affected the least, because they will either never earn above the earnings threshold, or will only do so for a more limited period of the loan’s life.

The full Equality Analysis is attached, but can also be found at the following link: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/479559/bis-15-635-freezing-student-loan-repayment-threshold-equality-analysis.pdf