Students: Loans — Written Question

Question

David Reed

Conservative — Exmouth and Exeter East

To ask the Chancellor of the Exchequer, how many and what proportion of people with Plan 2 student loans had an effective marginal deduction rate of at least (a) 51 per cent and (b) 71 per cent as a result of the combined effects of Income Tax, employee N

Answer

James Murray

The Plan 2 Student Loan Scheme was introduced in 2012 under the Conservative and Liberal Democrat Coalition Government. The student finance system is heavily subsidised by government, and lower-earning graduates will always be protected, with any outstand...

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