To ask Her Majesty's Government what plans they have to ensure that the freeze on the student loan repayment threshold will only stay in place for one year.
Answered on
10 February 2022
We announced on 28 January that the repayment thresholds for post-2012 (Plan 2) and postgraduate (Plan 3) student loans will be maintained at their current levels of £27,295 and £21,000 per year respectively, for financial year 2022-23.
It is more crucial than ever that higher education is underpinned by just and sustainable finance and funding arrangements, and that the system provides value for money for all at a time of rising costs. Maintaining the repayment thresholds at current levels, 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 ambition to benefit from it, including the most disadvantaged.
We will confirm repayment thresholds for future years at the appropriate time.