Jim Shannon – 2015 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Jim Shannon on 2015-12-03.

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to assist poorer students with the repayment of their student loans.

Joseph Johnson

Student loan repayments are income contingent and deductions are taken at 9% of income over the applicable repayment threshold.

The repayment threshold affords protection to lower earning borrowers. Borrowers make no repayment if their income remains or falls below the threshold.