Higher Education Funding

Debate between Lord Willetts and Conor Burns

Wednesday 3rd November 2010 Commons Chamber

[Conor Burns (Bournemouth West) (Con)]

On Friday, I will be attending the graduation ceremony of Bournemouth university, voted Britain’s No. 1 new university. Future graduates of Bournemouth and other universities will welcome the Minister’s proposal to increase the repayment threshold to £21,000. Is he in a position to give the House more detail on how that will be reviewed in coming years so that the threshold goes up along with average earnings?

[Mr Willetts]

It clearly will be important to uprate that figure periodically on the basis that my hon. Friend suggests, and we will consider that. He is absolutely right that one of the most progressive features of these proposals is the fact that the repayment threshold, which is currently £15,000, will increase to £21,000— different from a graduate tax, which would have meant people making higher payments as soon as their incomes went above £6,500.