UK minister defends changes to student loans as pressure grows for reforms
Lucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans. Photograph: WIktor Szymanowicz/NurPhoto/ShutterstockView image in fullscreenLucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans. Many have money taken from their wages each month to repay their debt but what they pay off is often dwarfed by the interest added every month, so the sums they owe get bigger.The catalyst for the row was Rachel Reeves’s decision last year to freeze the salary threshold for plan 2 loan repayments for three years.
- ▪Lucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans.
- ▪Photograph: WIktor Szymanowicz/NurPhoto/ShutterstockView image in fullscreenLucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans.
- ▪Many have money taken from their wages each month to repay their debt but what they pay off is often dwarfed by the interest added every month, so the sums they owe get bigger.The catalyst for the row was Rachel Reeves’s decision last year
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/money/2026/jun/10/uk-minister-defends-changes-to-student-loans-as-pressure-grows-for-reforms |
| Publication time | Wed, 10 Jun 2026 17:25:14 GMT |
| Retrieval time | 2026-06-10T17:49:05.665Z |
| Last seen | 2026-06-10T17:49:05.665Z |
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Lucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans. Photograph: WIktor Szymanowicz/NurPhoto/ShutterstockView image in fullscreenLucy Rigby told a committee of MPs on Wednesday that student loans are very different from commercial loans. Photograph: WIktor Szymanowicz/NurPhoto/ShutterstockStudent financeUK minister defends changes to student loans as criticism mountsLucy Rigby says heavily subsidised system gives the government the right to alter terms of existing agreementsRupert JonesWed 10 Jun 2026 13.25 EDTLast modified on Wed 10 Jun 2026 13.48 EDTSharePrefer the Guardian on GoogleMinisters have rejected accusations that recent changes to student loans are unfair, arguing that they are so heavily subsidised that the government…
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