(6 years, 11 months ago)
Commons ChamberI presume that the hon. Lady is slightly confused by the diktat from the Conservative Whips, which says something about student debt and tuition fees. We have been absolutely clear on both issues. We would not even be having this debate if the Labour party had won the general election, because we would have abolished tuition fees, as promised. The Conservative party already trebled tuition fees in 2010 to £9,000 a year, and that is what we are debating today. They have abolished the nurses’ bursary and scrapped maintenance grants for students from low and middle-income backgrounds, and ignored the fact that the drop-out rate among disadvantaged students reached a five-year high afterwards. They have also imposed interest rates of 6.1% and frozen the repayment threshold at £21,000 a year, despite Conservative Ministers in the coalition Government promising that it would rise in line with earnings.
My hon. Friend is making an excellent speech. Does she agree that there is now evidence that students from less well-off families are graduating with significantly more debt than those from wealthier families, which is a direct threat to social mobility?
I absolutely agree, and the points that I have just made show that the Government could progressively do something about that. The interest rates are scandalous, and the income threshold has been frozen despite the Government’s promises that they would not do that. They also still refuse to bring back maintenance grants. Shame on this Government—they do not care about social mobility.
(7 years, 1 month ago)
Commons ChamberConservative Members may want to listen to this before they intervene. For instance, we would look again at the repayment threshold for student debts; the Government have frozen it at £21,000, which will cost lower-earning graduates the most. We would look at the interest rates on debt, which the Government have allowed to reach an extortionate, unacceptable 6.1% for the year to come. I have said it once and I will say it again: we have no plans to write off existing student debt and we never promised to do so. Unlike the Conservative party, we made sure that all our plans were fully costed and outlined in our manifesto. Perhaps it could learn something from that.
In 2010 the Government tripled tuition fees and then slashed the education maintenance allowance. In 2015 they took grants from students and now they are raising fees again. Does my hon. Friend agree that it is no surprise whatsoever that young people are turning away in their droves from this Government?
I absolutely agree with my hon. Friend, who makes an important point. Conservative Members have a sour-grapes attitude because they clearly understand that, unlike them, we have connected with the young people of this country.