ONS Decisions: Student Loans Debate

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Department: HM Treasury

ONS Decisions: Student Loans

Robert Halfon Excerpts
Tuesday 18th December 2018

(6 years ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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The fiscal impact of the accounting decision—that is what this is; it does not alter the amount of cash going out the door—will come to light at future Budgets, and all these decisions will be taken in the round. As I have said, the Augar review is being conducted independently of that. It is about what is right for students. Of course we look at issues such as cost of living. Other aspects affect cost of living, including housing, and we are building more new homes to make housing more affordable across the board.

Robert Halfon Portrait Robert Halfon (Harlow) (Con)
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It is fair that students contribute to their higher education—it is fair to the taxpayer and fair to the student—but what is unfair are the high interest rates. Will the Secretary of State for Education and the Chief Secretary to the Treasury look at the huge interest rates on student loans and see whether something can be done?