B

Baroness Smith of Malvern (Lab)

Speaking in the House of Lords on 24 February 2026

Debate

Student Loans: Review

Contribution

As a Government, we recognise and support the public subsidy that the student finance scheme implies for students. For plan 2 full-time borrowers who started their courses in 2022-23, for example, we expect that only 32% of them will repay their loans in full. This is therefore a public subsidy for those individuals and for realising the broader public benefits that higher education brings, not only for those who have the opportunity to go through it but for society more broadly.

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