Graduates in relatively low-paid jobs earning close to minimum wage will have to repay ‘more, much sooner’
The National Union of Students (NUS) has warned that a new three-year freeze on the salary threshold for loan repayments could leave new graduates struggling to afford food, rent and bills.
In Rachel Reeves’s budget on Wednesday it was announced that from April 2027, the salary at which graduates must begin to repay their student debt is being frozen at £29,385 for three years.
Discover more from Stay Updated Finance News
Subscribe to get the latest posts sent to your email.
