Andy Burnham’s Government could reform the student loan system as part of plans to reduce living costs for graduates.

Although details have yet to be announced, the new Prime Minister’s team gives an indication of the policy options being considered and how much money graduates could save.

Raising the repayment threshold

Plans to increase the salary threshold – the point at which repayments begin – for students with Plan 2 loans are being explored by Burnham, The i Paper previously revealed.

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