Question to the Department for Education:

To ask the Secretary of State for Education, when she will next review the repayment threshold for repayment of (a) student tuition fee loans and (b) student maintenance loans; and if she will carry out a public consultation on this review.

Higher Education policy, including student finance, is devolved and this answer relates to England only.

The student finance and funding system must provide value for money for all of society at a time of rising costs. It is important that a sustainable student finance system is in place that is fair to students and fair to taxpayers. The department has frozen maximum tuition fees for the 2023/24 and 2024/25 academic years. By the 2024/25 academic year, maximum fees will have been frozen for seven successive years.

The mechanism for setting repayment thresholds for student loans is set out and governed by the Education (Student Loans) (Repayment) Regulations 2009 (as amended). This includes provision for annual adjustments, where applicable, which do not require public consultation. The repayment threshold is the same for both tuition fee and maintenance loans.

The department will continue to keep the terms of the student finance system under review to ensure that they keep delivering value for money for both students and taxpayers.