Student Loan Interest Rates Debate
Full Debate: Read Full DebateBaroness Blower
Main Page: Baroness Blower (Labour - Life peer)Department Debates - View all Baroness Blower's debates with the Department for Education
(8 months ago)
Lords ChamberI 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.
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?
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.