Students: Loans
The question
To ask the Secretary of State for Education, if she will make an assessment of the potential merits of changing the postgraduate loan repayment threshold to be in line with the National Minimum Wage.
Answered by Janet Daby
The government keeps the student finance system under continuous review to ensure it remains fair, sustainable and delivers value for students, universities and the wider economy.
The postgraduate loans schemes were introduced to help remove the financial barrier faced by those wishing to step up to achieve a postgraduate level qualification. They are part of the long-term commitment to make the UK more globally competitive by increasing the number of those with high level skills and knowledge. As part of our ongoing work, we always consider a range of factors which can affect repayment thresholds and recognise the importance of ensuring that the system remains fair for borrowers, as well as being financially sustainable.
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