Written Question·Department for Education·UIN 119777

Students: Loans

Tabled: 10 March 2026

Answered: 23 March 2026

Named Day

Question

David Reed

To ask the Secretary of State for Education, what the estimated total additional lifetime repayment cost of the Plan 2 threshold freeze announced in Autumn Budget 2025 is for borrowers earning at (a) £30,000, (b) £40,000, (c) £50,000, (d) £60,000, (e) £66

Answer

Josh MacAlister

The department does not hold estimates of lifetime repayment costs for Plan 2 borrowers by earnings bands.The Autumn Budget included freezes to Plan 2 repayment and interest thresholds for at their 2026/27 financial year level until April 2030, when they ...

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