Freezing the student loan repayment threshold

LITRG has responded to a Department for Business, Innovation & Skills consultation on the freezing of the student loan threshold at £21,000 for Plan 2 loans. LITRG recommends that if changes are made the government provides additional funding to help educate school-leavers and students on the financial implications of taking on student loans. We also recommend that any changes must be communicated to current borrowers as soon as possible using clear and detailed guidance.