Read our Privacy noticeGraduates are being “squeezed” to fill government coffers, experts have warned amid growing fury at the student loans system. “Instead, graduates are being singled out as the path of least political resistance, squeezed to raise revenue for an increasingly cash-strapped government." His criticism comes after Ms Reeves launched a defence of the current student loan system. She told LBC on Wednesday: “It is important that you don’t have to start paying back the student loan until you earn enough money. Lower-earning graduates will continue to be protected, with any outstanding loan and interest written off at the end of the loan term.”