Student Loan Repayment Plans Debate
Full Debate: Read Full DebateDepartment: Department for Education
Kate Osborne
Main Page: Kate Osborne (Labour - Jarrow and Gateshead East)Department Debates - View all Kate Osborne's debates with the Department for Education
(1 day, 7 hours ago)
Westminster HallRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Westminster Hall is an alternative Chamber for MPs to hold debates, named after the adjoining Westminster Hall.
Each debate is chaired by an MP from the Panel of Chairs, rather than the Speaker or Deputy Speaker. A Government Minister will give the final speech, and no votes may be called on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Kate Osborne (Jarrow and Gateshead East) (Lab)
It is an honour to serve under your chairship, Ms Lewell. I thank my hon. Friend the Member for Ilford South (Jas Athwal) for securing this important debate.
The debate is timely, as I have recently been working on a case for my constituent Melissa, who has come to Parliament today to hear the debate. When I posted on social media about Melissa’s case, with her permission, it caught a wave of people in similar situations. I have now been contacted by more than 700 individuals, all with similar horror stories about the level of debt they have on plan 2.
Melissa left university with a debt of £37,000 and has been paying off her loan every month since 2022, yet despite four years of payments, the amount she owes has increased by tens of thousands, to £60,000. Melissa’s case is by no means the worst example that I have received. Another constituent, Lucy, left university with nearly £28,000 to pay back, and her debt now stands at a huge £54,000. Chloe—one of our brightest science, technology, engineering and maths students—attended Newcastle University to study physics, and then went straight into full-time employment, starting to pay off her student loans immediately. Despite that, the amount she owes has increased by £14,000.
Education is a right, not a privilege. It is not okay that we are pricing people out of education. Quite frankly, the amount of interest being charged every year is a scandal and a rip-off. What will the Government do to help to eliminate student debt? Considering the thresholds is all very well, but I think we should just abolish tuition fees altogether, to boost social mobility and benefit society.