The proposals are likely to apply to new students taking out loans, rather than those who are already studying or current graduates.
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Students to face 'lifelong graduate tax'
🎓 University graduates are set to be forced to pay more for their student loans, i has been told. The Government is understood to be poised to lower the repayment threshold from £27,295 a year to £25,000. And, the length of time over which graduates have to continue paying back their loans is likely to be increased to 40 years.
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A 'lifelong graduate tax'
Martin Lewis, the MoneySavingExpert founder, said that most graduates would still be repaying their loans “into their 60s”.
Higher earning graduates will see a gain of £24,000.
More on higher education from our correspondent
