House of Commons · Written Ministerial Statement
Higher Education Update
28 January 2022 · Department for Education
Proposed by Michelle Donelan Con Chippenham
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Plan 2 student loan repayment threshold will be maintained at 27,295 per year for the 2022-23 financial year.
- The postgraduate (Plan 3) student loan repayment threshold will remain at 21,000 for the 2022-23 financial year.
- Regulations will be introduced to ensure the specified thresholds are upheld.
Issue summary
The statement addresses the maintenance of student loan repayment thresholds and interest rates for financial year 2022-23.
Action requested
I am confirming that regulations will be brought forward to keep the Plan 2 student loan repayment threshold at £27,295 per year for the 2022-23 financial year. Additionally, the postgraduate (Plan 3) student loan repayment threshold will remain at £21,000.
Key facts
- The Plan 2 student loan repayment threshold remains at £27,295.
- Post-study interest rate thresholds for Plan 2 loans align with the repayment threshold of £27,295 and upper threshold of £49,130.
- The postgraduate (Plan 3) student loan repayment threshold is kept at £21,000.
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Assessment & feedback
Summary accuracy