Are student loan repayments out of control?
The Standard
The Standard · Rachelle Abbott
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Show Notes
Many of the 5.8 million Brits who took out a Plan 2 student loan over the past decade are now facing astonishing levels of debt, and the government’s latest salary threshold freeze will nudge more graduates into repaying more than ever. So, is it high time the system had a shake up?
In this episode, host Tamara Kormornick speaks to The Standard’s editor of the Londoner’s Diary and features writer, Claudia Cockerell, to discuss recent controversies around the student loans system, and untangle the soaring interest rate levels on repayment plans. Plus, Tamara speaks to the founder of Rethink Repayment, Oliver Gardner, who is calling on the government to reform student loan repayment plans to make the system work better for graduates — and the economy.
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