Friday, February 3

Graduates to pay £110+ a year more from April as Plan 2 and postgraduate student loan repayment threshold freezes announced

What does the Government say?

In a written statement published today, Michelle Donelan, minister of state for higher and further education said: “Maintaining the repayment threshold at its current level, alongside the ongoing freeze in fees, will help to ensure the sustainability of the student loan system, while keeping higher education open to everyone who has the ability and the ambition to benefit from it, including the most disadvantaged.”

A Department for Education spokesperson added: “It is now more crucial than ever that higher education is underpinned by a sustainable finance and funding system.”

Ms Donelan also said the Government will shortly set out further plans for addressing the student finance recommendations made in the so-called ‘Augar’ review.