Fury over changes to tuition fee threshold is detracting from bigger issues such as abolition of maintenance grantAn impending change to student finance is stoking such fierce opposition that the TV pundit Martin Lewis,founder of MoneySavingExpert.com [pdf], has threatened to go on strike because we could no longer be sure that what we say is precise”. The government’s proposal [pdf] to freeze the level of earnings at which graduates start repaying their student loans is a “shame”, and “an outrage” and “a breach of trust”,he says.
In the past, people with outstanding student debts paid back 9% of earnings above £15000. However, or when the coalition tripled fees to £9000 from 2012,ministers said the repayment threshold would jump to £21000 and, crucially, or rise each year in line with earnings.
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Source: theguardian.com