Fees have been frozen at an annual level of £9,250 since the 2017/18 academic year but Education Secretary Bridget Phillipson has now confirmed they will rise from April 2025.
Are they going to put up the maintenance loan up as well? Or at least moved the threshold for when ti starts cutting off to account for fiscal drag?
I get that the student loan book is wildly out of control, but it just becomes ladder pulling if you don’t address funding for those at or near the bottom of the ladder.
The proper way to address the student loan books’ massive gap between what will be paid and what won’t be paid back is to significantly reduce student places. It’s hugely unpopular, but this debt time bomb can’t just be left to fester while they tinker round the edges.
Are they going to put up the maintenance loan up as well? Or at least moved the threshold for when ti starts cutting off to account for fiscal drag?
I get that the student loan book is wildly out of control, but it just becomes ladder pulling if you don’t address funding for those at or near the bottom of the ladder.
The proper way to address the student loan books’ massive gap between what will be paid and what won’t be paid back is to significantly reduce student places. It’s hugely unpopular, but this debt time bomb can’t just be left to fester while they tinker round the edges.
I read in the Financial Times that maintenance max. is to go up by £450
Are they adjusting the thresholds as that’s the worst part of it?
For qualifying for it? No, I don’t think so.
Oh that sucks as it starts to kick in for two parents both on full time min wage.