Abtisam Mohamed

I thank my hon. Friend the Member for Ilford South (Jas Athwal) for securing the debate, which at its core is about fairness. In my Sheffield Central constituency, which is home to two major universities, I regularly meet with students and graduates, whether in surgeries or through meetings with student officers. One core theme that they have relayed to me is that they feel anxious and frustrated, and they rightly ask why the system is stacked against them. I will read a few examples that constituents have given me. One said: “I started university in 2012 and since graduating have had a salary of between £30,000-£40,000 for much of that time. Despite this, since graduating my loan has increased from ~£45,000 to nearly £80,000”. Another said: “I borrowed £76,829. I repay £3,700 every year. But my interest rises by £7,000. Paying it off within 30 years is impossible. It makes me wish I hadn’t gone.” When education makes young people regret participation, something is profoundly wrong. We are told that the system is progressive because repayments are income contingent, but if we look closer, higher earners clear their debt quickly, escape decades of interest and move on. The thought of such staggering debt will likely put off working-class students from going to university. That is not progressive; it is regressive, and it will entrench inequality rather than reduce it. I say to the Minister: we must cap interest on all student loans at CPI and restore fair repayment thresholds.