Lord Storey
Main Page: Lord Storey (Liberal Democrat - Life peer)Department Debates - View all Lord Storey's debates with the Ministry of Defence
(7 years, 2 months ago)
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Viscount Younger of Leckie
I have those figures but I will have to write to the noble and learned Lord with them; they are in my facts somewhere.
Lord Storey (LD)
My Lords, when student loans were introduced by the Government, students were promised that the threshold of £21,000 would increase in line with average earnings. Why has that commitment not been delivered?
Viscount Younger of Leckie
That is because it is not necessary to do so. The proportion of borrowers liable to repay when the £21,000 threshold took effect in April was significantly lower than could have been envisaged when the policy was introduced. The threshold would now be set at £19,000 if it were to reflect the same ratio of average earnings.