Osborne’s decision to increase Student Loan repayments by £2,300, backdating to 2012

In George Osborne’s autumn statement released on 25/11/15, it was confirmed that the earnings threshold for the student loan repayments will be frozen for five years. It will not be raised with the to keep up with the average earnings, like we were promised in 2010.

It will ultimately end up costing the average student £2,300.

This new decision is also being backdated to 2012 so existing students, and in some cases graduates, will be affected.

Osborne strategically left this out of his autumn statement speech.

Sign and we can get the threshold rise we were promised.