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More than 120 MPs and peers call for urgent student loan review
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Business Matters
More than 120 MPs and peers have written to Chancellor John Healey calling for an urgent review of the student loan repayment system, which they say places an “unsustainable burden on the next generation of workers”.
The letter does not single out a particular loan plan or nation.
“If someone earning an MP’s salary still isn’t likely to repay their student loan in full, what chance does someone on a much lower income have?”
Oliver Gardner, founder of Rethink Repayment, said the letter showed “the student loans crisis” was not “a partisan issue”.
“We want to make sure the student loans system works better for everyone and are considering our response to the Treasury Committee’s inquiry.”