The hon. Lady has put that really well. I reassure her that we absolutely keep these things under review. I have said that this issue is at the top of my in-tray, and that remains the case.

In response to the excellent report of the Treasury Committee, we have committed to much clearer guidance for students before they make decisions about going to university, so that they can be much clearer about how the student loan system will work and possibly affect them in future. We have also capped the maximum interest rates this year, and we are reintroducing maintenance grants.

Two things can be true at the same time: I feel the system is unfair and in need of reform, but we also have to put that in the context of the wider public finances and all the pressures and priorities that fall on them. However, it is slightly audacious of the Conservatives to raise this issue, given that they introduced the plan 2 system and froze the threshold four times when they were in government.