Oral Answers to Questions
Debate between Michelle Donelan and Claire Coutinho(2 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Minister for Higher and Further Education (Michelle Donelan)
For the first time ever, the Office for Students is setting minimum thresholds for completion and for progression rates to graduate jobs. We are also consulting on stopping the uncontrolled growth of low-quality courses.
Claire Coutinho
The hon. Member for Warwick and Leamington (Matt Western) suggested that it was an injustice to introduce minimum requirements for going to university, but does the Minister agree with me that the greater injustice is that one in five students feels that their course did not add any value to their career? Moreover, the reforms to interest rates will now mean that nobody will pay more than they borrow in real terms.
Michelle Donelan
My hon. Friend is absolutely right. From September 2023, we are reducing interest rates on student loans to the retail price index only. This, combined with the tuition fee freeze for over seven years, means that students can graduate with up to £11,500 less debt from the off.