Students: Loans

Department for Business, Innovation and Skills written question – answered on 2nd November 2015.

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Photo of Nick Brown Nick Brown Chair, Finance Committee (Commons), Chair, Finance Committee (Commons)

To ask the Secretary of State for Business, Innovation and Skills, what the evidential basis is for the proposition that freezing the repayment threshold for plan 2 student loans is likely to result in student loans being repaid to a greater extent than under the current terms.

Photo of Jo Johnson Jo Johnson Minister of State (Universities and Science)

Estimates of the impact of freezing the repayment thresholds for borrowers are illustrated in the consultation document, which has been published here:

https://www.gov.uk/government/consultations/freezing-the-student-loan-repayment-threshold

These are based on analysis using the Department’s Student Loan Repayment Model: further details on the model are available at the Department’s website https://www.gov.uk/government/publications/simplified-student-loan-repayment-model

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