Student Loan Interest Rates Debate
Full Debate: Read Full DebateDepartment: Department for Education
Baroness Blower
Main Page: Baroness Blower (Labour - Life peer)Department Debates - View all Baroness Blower's debates with the Department for Education
Student Loan Interest Rates
Baroness Blower Excerpts(8 months, 3 weeks ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Barran (Con)
I would be delighted to talk to my right honourable friend the Secretary of State, but, as the noble Lord knows, this is a timing issue in terms of getting settled status. I appreciate that there is a lag in that happening.
Baroness Blower (Lab)
My Lords, what assessment have the Government made of the link between graduate debt, which inflates the debt-to-income ratio, and the inability of the younger generation to buy homes of their own?
Baroness Barran (Con)
I come back to my earlier answer: we have a system in which it is very clear that above a certain threshold, 9% of income goes to repaying part or all of a graduate’s debt. The overall package, obviously, in terms of affordability of mortgages and housing, is dependent on many issues, of which graduate debt is one.