Students face settling loans early as Rishi Sunak eyes plan to boost Treasury coffers by slashing salary threshold for when repayments begin
Chancellor Rishi Sunak reported to be considering cutting the salary threshold Repayments would change from the current £27,295 to £23,000, saving billions National Union of Students said it would be ‘totally opposed’ to such reduction By Martin Beckford For The Daily Mail
Published: 01:28 BST, 27 September 2021 | Updated: 01:28 BST, 27 September 2021
Graduates could be forced to start repaying their student loans earlier in their careers under Government plans revealed last night.
Chancellor Rishi Sunak is reported to be considering cutting the salary threshold for when repayments are triggered from the current £27,295 to £23,000, in a move that would save the Treasury as much as £2billion a year.
The National Union of Students said it would be ‘totally opposed’ to any such reduction, with its vice-president for higher education, Hillary Gyebi-Ababio, telling the Financial Times: ‘The injustice is simply astounding.’
Chancellor Rishi Sunak is reported to be considering cutting the salary threshold for when repayments are triggered from the current £27,295 to £23,000
The average student now graduates owing in the
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