The government has responded following MPs' confirmation that student loan promotion in England and Wales amounted to mis-selling. The Treasury Select Committee has emphasized that Labour Party ministers have a moral duty to …
HM Revenue and Customs (HMRC) has mistakenly overcharged 40,000 graduates on their student loans due to an error in earnings data used to calculate interest rates. This glitch, originating from the tax authority during the …
Labour Party minister Lucy Rigby has stood firm in defending recent changes to the UK’s student loan system, despite mounting backlash from graduates and student groups. Speaking to MPs, Rigby emphasized that because student …
Debt-ridden graduates are increasingly being viewed as ‘cash cows’ to finance the lifestyles of older generations, MPs were told during a Commons Treasury select committee session. On Tuesday, seven experts gave evidence on …
The Conservative Party has pledged to eliminate the high interest rates on Plan 2 student loans if they win the next general election, aiming to relieve graduates from mounting debt burdens. Kemi Badenoch, the Tory leader, …
UK graduates residing in the European Union are facing increased student loan repayments following recent changes to repayment thresholds. Graduates living in countries such as Germany and Belgium have been notified of …
Student loan interest is escalating at an alarming rate, with graduates accruing £482 every second in the 2024-25 financial year, according to the latest figures from the Student Loan Company. This marks a significant …
Martin Lewis, founder of MoneySavingExpert.com, has revealed that more than 1.1 million student loan overpayments were made during the 2024/25 tax year alone. In total, over 5 million past overpayments may have occurred, …