Closes Wednesday: Consultation on Freezing the student loan repayment threshold
The government is consulting on its ‘preferred option’ to freeze the repayment threshold on ‘post-2012’ student loans at £21000 for 5 years.
This is contrary to its original intention to have the threshold increase in line with average earnings from 2017.
It will represent a retrospective price hike for many existing students and recent graduates.
You have until Wednesday 14 October to respond to the consultation.
I plan to post my response on here by Monday. In the mean time, Martin Lewis at MoneySavingExpert has set out his opposition and provided a template letter for you to use to lobby your MP.
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