sy00
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Are the laws surrounding repayments, i.e. the threshold at which you begin to pay, or the duration of time you must pay for (30 years) able to change? or would we be bound to the same conditions we were subject to when we took the loan out?
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JOSH4598
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In theory the government could change the rules of your student loan, however in reality it's highly unlikely. It would result in widespread backlash for any government given students signed a contract (based on £27k threshold and 30 years).

What could happen is they implement a new scheme (Plan 3?) which may make student debts for new students more expensive. Currently the scheme is Plan 2 (since 2012 when fees increased) and it was Plan 1 (before 2012 when fees were lower).
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sy00
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(Original post by JOSH4598)
In theory the government could change the rules of your student loan, however in reality it's highly unlikely. It would result in widespread backlash for any government given students signed a contract (based on £27k threshold and 30 years).

What could happen is they implement a new scheme (Plan 3?) which may make student debts for new students more expensive. Currently the scheme is Plan 2 (since 2012 when fees increased) and it was Plan 1 (before 2012 when fees were lower).
Thank you!
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