Millions of Graduates to Repay £260 More a Year on Student Loans by 2029

Millions of graduates to repay £260 more a year on student loans by 2029

Millions of graduates are set to pay £259 more on student loans by the end of the decade due to hidden stealth taxes in the November Budget, new analysis reveals. Rachel Reeves’s plans to freeze the repayment thresholds for graduates with a controversial type of student loan mean they will pay around £93 more on average in 2027–28, rising to £259 by 2029-30, according to a report by the Institute for Fiscal Studies (IFS). This is because the thr…

Graduates are paying more and getting less

Jim Dickinson traces how a student loans system once sold as cost-sharing has become one where graduates fund everything – and where Labour has quietly reversed promises to make things fairer Jim Dickinson traces how a student loans system once sold as cost-sharing has become one where graduates fund everything – and where Labour has quietly reversed promises to make things fairer