Student loan terms to be made clearer in England
The UK government has pledged to provide clearer information to university applicants regarding student loan terms and the impact of career choices on repayment. While some recommendations from a parliamentary inquiry were accepted, the government remains non-committal on reversing the freeze to the repayment threshold.
Why it matters
Changes to student finance impact the financial future of millions of graduates and influence access to higher education.
Image source, Getty Images Published 9 minutes ago University applicants in England will be given clearer information about student loans before they take them out, the government has said.
Ministers said they would spell out that governments can change repayment rules and that different career choices can affect how much borrowers repay.
They agreed to some but not all of the recommendations made by MPs after an inquiry into student loans, and did not say whether they would reverse a freeze to the repayment threshold for some graduates.
The inquiry found the way loans had been presented to teenagers amounted to mis-selling , after the BBC revealed the Department for Education (DfE) had compared repayments to £30-a-month phone contracts.
The recent debate has centred around Plan 2 loans, which were issued in England between September 2012 and July 2023, and are still issued in Wales.
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