Our proposed changes

Increase repayment thresholds

Reinstating student loan repayment thresholds to the level they would have reached without retrospective changes

This will help to reverse the unfair freezes of the Plan 2 threshold and the resultant fiscal drag.

Cap interest

Set interest on all student loans at CPI inflation

This will ensure balances do not grow in real terms moving forwards. This will also address the motherhood penalty existing for some people in the current system.

Lower repayment rate

Lower the repayment rate to 5%

This will help graduates during the cost-of-living crisis and enable them to save and invest more in their futures. The majority of the public agree that 9% is too high.

As a grass-roots campaign, we are actively working to model these proposals but we firmly believe that changes such as these are urgently needed to make the system fairer for graduates.