“A moral wrong” – Money Saving Expert Martin Lewis criticises Chancellor John Healey for not making changes to the Plan 2 student loan repayment thresholds.
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In October, The Department for Education said it was “taking decisive action to improve the student finance system and break down barriers to accessing university” by increasing maximum maintenance loans, reintroducing targeted maintenance grants and having “raised the repayment threshold for Plan 2 loans for the first time since 2021”. “We will continue to look for ways to make the system fairer for students, graduates and taxpayers in a financially sustainable way,” it added.