MPs debate changes to the student loans agreement Watch
On Monday 18 July at 4.30pm, MPs will debate changes to the student loans agreement following an e-petition which was started on petition.parliament.uk.
You can watch the debate live or catch-up later on Parliament TV.
Share your thoughts and experiences on this topic with your MP and encourage them to take part in the debate.
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Why is this petition being debated?
The Petitions Committee has the power to schedule debates on e-petitions in the House of Commons Second Chamber, Westminster Hall. It considers all petitions which receive over 100,000 signatures for debate but may decide to schedule debates for petitions under this threshold.
In deciding which petitions should be debated, it takes into account how many people have signed the petition, the topicality of the issue raised, whether the issue has recently been debated in Parliament, and the breadth of interest among MPs.
What will the petition debate achieve?
Debates on petitions in Westminster Hall are general debates about the issues raised by the petition. MPs can discuss the petition and, if they wish, ask questions about the Government's position on the issue or press the Government to take action. A Government Minister takes part in the debate and answers the points raised.
These debates help to raise the profile of a campaign and could influence decision-making in Government and Parliament. Petition debates in Westminster Hall cannot directly change the law or result in a vote to implement the request of the petition.Creating new laws, or changing existing ones, can only be done through the parliamentary legislative process which involves a number of debates, and detailed consideration of the law in draft, in both the House of Commons and the House of Lords on which individual MPs or members of the House of Lords who are not in the Government (known as "backbenchers" ) can ask Parliament to consider new laws.
- Study Helper
This debate has been scheduled based on the e-petition titled 'Stop retrospective changes to the student loans agreement'. This petition received 132,568 signatures.
The Government made the following response when the petition reached 10,000 signatures
This Government is ensuring Higher Education is open to more people than ever before, and application rates from disadvantaged young people seeking to go university are currently at record levels. But Higher Education and Further Education must remain affordable to the taxpayer. Our approach is based on the fundamental principle that a borrower’s contribution to the cost of their education should be linked to their ability to pay. Graduates generally benefit from higher earnings than those who do not go to university, and we must maintain a fair balance between taxpayers and graduates in the costs of Higher Education.
Graduates don’t have to repay their loans until they are earning above the annual threshold of £21,000. This threshold remains higher in real terms than that applicable to student loans taken out before 2012. Repayments are then made at a rate of 9% above this threshold. If a borrower earns less than the threshold then no repayments need to be made. Outstanding loans are written off 30 years after graduation.
The Government consulted on the threshold freeze in July 2015. All responses to the consultation were considered carefully in the wider context of the detailed analysis of impacts, including on the public finances, and the Equality Analysis. The consultation document and the Government response are available at https://www.gov.uk/government/consul...ment-threshold.
The decision to freeze the student loan repayment threshold for post-2012 (“Plan 2”) borrowers until April 2021, was then announced in the November 2015 Spending Review. The Spending Review and Autumn Statement 2015 documents are available at https://www.gov.uk/government/public...2015-documents.
Department for Business, Innovation and Skills