Parliamentary inquiry finds loans were mis-sold to students and tells government it cannot continue to ignore ‘broken’ system

Parliamentary inquiry finds loans were mis-sold to students and tells government it cannot continue to ignore ‘broken’ system

Ministers are facing criticism for how they have handled repayment terms for graduates, in particular those with so-called ‘plan 2’ loans

A cohort of MPs have accused the government of knowingly misselling the repayment of student loans for years to unsuspecting teenagers

Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freeze

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Chancellor Rachel Reeves announced in her autumn Budget that the earnings threshold for repayment of Plan 2 loans would be frozen for three years from 2027 at £29,385.

Over 52,000 graduates responded to one of Parliament's biggest ever inquiries into student finance reform.

Treasury Committee terms the system 'broken'. This is not new information, nor is it likely to prompt a government to act