Low-earning graduates will benefit from a delay in their student loan repayments under a Conservative scheme designed to defuse the political damage over tuition fees and attempt to woo younger voters.
Speaking at the start of the Conservative party conference in Manchester, Theresa May announced plans to raise the income level that triggers student loan repayments for recent graduates in England from £21,000 to £25,000 a year.
The change is likely to apply only to those graduates who took out the higher rate of student loans introduced in 2012, which perversely means that earlier graduates will have higher loan repayments even if they are on the same income level as later graduates with much higher debts. Read more