- Labour MPs are urging ministers to reform Britain's "regressive" student loan system, highlighting concerns over high graduate debts and unfair financial agreements.
- The Plan 2 student loan system, which applies to students starting university between 2012 and 2023, has been described as a "dog's dinner" and "predatory" due to spiralling interest.
- Campaigners have criticised the Chancellor for freezing the repayment threshold for three years, which will lead to some graduates paying back more than originally borrowed.
- Education minister Bridget Phillipson has acknowledged concerns about Plan 2 loans but has not committed to changing the system, citing widespread cost considerations.
- Some Labour MPs, including Richard Burgon, have called for the cancellation of student debt, suggesting education should be funded through progressive taxation.
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