Ex-university pupils demand urgent reform to 'criminal' student loan system
Former university pupils are campaigning for student loan repayment reform amid high interest rates above inflation. Currently in the UK, graduates earning over the current threshold of £28 470 must pay nine per cent of what they earn towards the loan. For many former students, interest is charged at up to three percentage points above the retail price index. Last year, Chancellor Rachel Reeves froze thresholds for loan repayments at £29 395 for three years from April 2027
Former university pupils are campaigning for student loan repayment reform amid high interest rates above inflation. Currently in the UK, graduates earning over the current threshold of £28 470 must pay nine per cent of what they earn towards the loan. For many former students, interest is charged at up to three percentage points above the retail price index. Last year, Chancellor Rachel Reeves froze thresholds for loan repayments at £29 395 for three years from April 2027
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