What happened: The UK government announced a three-year freeze on the student loan repayment threshold at £29,385 starting April 2027. The National Union of Students warns this could force graduates in low-paid jobs to start repaying loans earlier and with less disposable income.
Why it matters:
- Graduates earning near minimum wage may struggle to cover living costs like food and rent.
- The freeze affects new graduates across the UK who have student loan debt.
MNN Take: Freezing the repayment threshold means more graduates will begin repaying loans sooner, potentially reducing their financial flexibility during early career stages.
Sources: Guardian UK