Consultation outcome

Freezing the student loan repayment threshold

• From: Department for Business, Innovation & Skills
• Published: 22 July 2015
• Last updated: 25 November 2015 — See all updates

This was published under the 2015 to 2016 Cameron Conservative government

This consultation has concluded

Read the full outcome

Freezing the student loan repayment threshold - summary of responses and government response

Ref: BIS/15/626

PDF, 287 KB, 36 pages

Freezing the student loan repayment threshold - equality analysis

Ref: BIS/15/635

PDF, 706 KB, 94 pages

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Detail of outcome

We’ve decided to implement a repayment threshold freeze for all borrowers with post-2012 (‘Plan 2’) loans. The repayment threshold will be £21,000 at April 2016, and it will not be uplifted until at least April 2021, when the threshold will be reviewed.

The ‘upper’ interest threshold of £41,000 will be frozen at the same time to ensure that variable interest rates applied for those earning between £21,000 and £41,000, remain unaltered.

Detail of feedback received

We received 489 responses from a wide variety of interested parties including:

• individuals
• universities
• students’ unions
• higher education representative bodies
• businesses and business organisations
• professional bodies

---

Original consultation

Summary

We're seeking your views on keeping the student loan repayment threshold at £21,000 for 5 years.

This consultation ran from
5pm on 22 July 2015 to 11:45pm on 14 October 2015

Consultation description

We are consulting to gather views on a proposal to keep the student loan repayment threshold at the same level for 5 years.

This new proposal was announced in the Budget on 8 July. The government wants to ensure higher education remains open and affordable to students, graduates and taxpayers in the long-term.

Documents

Freezing the student loan repayment threshold - consultation document

Ref: BIS/15/445

PDF, 468 KB, 28 pages

Published 22 July 2015
Last updated 25 November 2015 + show all updates

1. 25 November 2015

   Added the government response, including summary of responses, and the equality analysis.

2. 22 July 2015

   First published.