Property News · November 22, 2016

Student loans: fight over 'disgraceful' freeze on income threshold


Plea for action after government stopped repayment cut-off rising in line with average income – ‘no commercial lender would get away with this’Calls have been made for the Treasury to unpick a controversial change to student loans from George Osborne’s final autumn statement, which critics including MoneySavingExpert’s Martin Lewis have called a mis-selling of loans to thousands of young people.Lewis has led the charge to oppose the changes made in 2015: a five-year freeze on the £21,000 income threshold at which borrowings must be paid back, despite a pledge when the scheme was launched that the £21,000 figure would be raised each year in line with average earnings. Continue reading…

Source : theguardian.com
Read more…Student loans: fight over ‘disgraceful’ freeze on income threshold

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