UK Government Promises Clearer Student Loan Info but Rejects Key Repayment Reforms
The UK government has agreed to improve the clarity of information provided to prospective students regarding student loans, acknowledging that previous presentations amounted to mis-selling. However, ministers rejected several key recommendations from the Treasury Committee, including reversing the freeze on the repayment threshold, changing the interest rate calculation, and applying Financial Conduct Authority consumer rules. While the government committed to showing how career choices affect repayment, it refused to provide specific long-term repayment predictions, citing accuracy concerns. Critics, including MPs and campaign groups, argue the response is insufficient and fails to address the punitive terms faced by existing graduates, particularly those with Plan 2 loans.