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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

Student loan promotion in England and Wales amounted to mis-selling, MPs say

Three students dressed as sharks and wearing Rachel Reeves masks, one of them holding a sign saying 'Reeves, don't be a loan shark'
Students protest last year against the chancellor’s decision to freeze the repayment threshold on plan 2 for three years from April 2027. Photograph: Sean Smith/The Guardian

Slideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.

The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027.

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