UK MPs launch inquiry as debt fears rise over the value of degrees

England’s Treasury Select Committee begins a formal inquiry into the student loan system as graduates and experts urge reform of Plan 2 loans, amid public concern that university degrees aren’t worth the cost. A British Social Attitudes survey shows 34% now think higher education isn’t worth the time and money, up from 14% in 2005, while critics warn that rising interest and a frozen repayment threshold threaten long-term financial security, and the government defends protections for lower earners and capped interest, calling for broader reforms.