But the salary threshold has been lowered to £25,000 for those who started their degrees last year. The repayment period has also been extended to 40 years.
According to research by London Economics carried out for the Nuffield Foundation, these reforms have increased the costs for lower and middle-income graduates while at the same time lowering the total repayments for those in higher-earning jobs, who will be able to pay off the debt sooner.
As women are more likely to have lower wages due to career breaks, they will pay on average £10,000 extra during their lifetime while men will pay £7,500 less than graduates on Plan 2, the research found.
We want those who do not get the salary uplift from having a university education to pay more for their university education. So as to dissuade them from consuming valuable resources in gaining a university education that’s not worth having.
Blokes doing arts, birds doing grievance studies, the entire aim is to stop them doing so.