UK Student Loans

•   Toxic Loans

Terms of loan - e.g. 9% payback or 30 or 40 year loan term - can  be changed during loan’s life time

•   Mis-sold loans

Student Finance told me in 2017 9% payback and 30 year term of Plan 2 loans were “set in stone” for the lifetime of the loan.

This is NOT TRUE  and contradicts email DfE sent me in 2017 (above)

Listen to telephone conversation with student finance

For all the detail on the toxic, mis-sold student loan  watch     Student Loan Farce  (part 1)

Not much “scrutiny and oversight!! Student loans are controlled by “regulation” not “legislation”. As such the loan terms can be changed by the executive without a parliamentary vote. This is how chancellors have sneakily frozen thresholds as part of their annual budget