iNews reports that Theresa May will announce on Sunday a tuition fee freeze and a rise in the amount graduates can earn before making repayments on their student loans.
At Conservative Party Conference in Manchester the Prime Minister will promise to “look again” at student finance in an attempt to attract young voters.
The student loans situation today: The numbers in full Tuition fees will be frozen at the current £9,250 level until 2019, rather than increase with inflation by £250.
The amount graduates can earn before making repayments will rise from £21,000 to £25,000. The figure will then increase in line with earnings after next year, with the Conservatives saying the package will produce a saving of £360 in 2018/19 for graduates earning at least £25,000.
Mrs May will say: “But we know that the cost of higher education is a worry, which is why we are pledging to help students with an immediate freeze in maximum fee levels and by increasing the amount graduates can earn before they start paying their fees back, amounting to a saving of £360 a year, while the Government looks again at the question of funding and student finance.”
“Taken together, these are key parts of my plan to spread opportunity and build a better future for our country.”
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