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Government Minister defends student loan system | LBC Debate
Posted
February 1, 2026
Views
37,177
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316
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February 1, 2026
37,177
316
258
1.54%
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13:52Now PlayingIn a ranging interview, Lewis Goodall challenged Labour's Housing Minister Steve Reed over the student loans system.
The Chancellor Rachel Reeves previously told LBC the student loan system is "fair" - despite mounting fury at graduates' debt interest spiralling.
5.8 million people who took out a student loan between 2012 and July 2023 are on a Plan 2 repayment plan, which sees interest at RPI inflation - plus up to three per centage points depending on earnings.
In contrast, people with loans on ‘Plan 1’ before 2012, pay interest at RPI or the Bank Rate plus one percentage point - whichever is lower.
Tuition fees were tripled to around £9,000 at around the same time, meaning most students were forced to take out big loans to fund their higher education - unless they could afford to pay upfront.
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#lewisgoodall #andrew #students #debt #uk #politics #news #debate #LBC
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