FactCheck: how much more will new students pay on loan repayments and will it be ‘fairer’?

Student loan repayments are rising for the next cohort of students in England as the repayment threshold is to be dropped.

Note: If you started your course before 1 September 2012 the threshold is lower, but course fees were also a lot lower. For the purposes of this article, we’ll be comparing plan 2 and the new plan 5.If you started your course between 1 September 2012 and 31 July 2023 on the ‘repayment plan 2’, you will only start making 9 per cent repayments over the threshold of £27,295 a year, £2,274 a month or £524 a week in the UK.

He told FactCheck the analysis shows the changes are “deeply regressive” and that the new plan will make most low to middle income graduates “significantly worse off” as they will actually pay more over their lifetimes due to the lower repayment threshold and longer repayment period. And despite the DfE saying the new system will be “fairer” for students, its own equality assessment of the new plan found that female graduates will indeed be negatively impacted due to the increased loan term and “their typically lower-than-average lifetime earnings”.

FactCheck Here's an idea ch4 news, why don't you tell us on the news, instead of spending half a show on the Scottish debate and skimming the rest of what's going on, ch4 news is the best news on the box, but the other day was just wrong Peace and love

FactCheck Yeah set my a Government who got a free university degree!

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