Why you'll never repay your student loan
The Politics Show
The New Statesman
4.2 • 1.5K Ratings
🗓️ 17 March 2026
⏱️ 39 minutes
🧾️ Download transcript
Summary
The Treasury Select Committee has announced an inquiry into Student Loans.
It comes after Rachel Reeves announced a freeze on repayment thresholds meaning more graduates will start repaying once they earn just over the living wage.
It's an issue that doesn't just affect today's students and graduates but is increasingly becoming a political issue the government cannot ignore.
Tom McTague is joined by Rachel Cunliffe to discuss what the inquiry might achieve - and what the student loans issue means for graduates, the economy and Britain's future.
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Transcript
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| 0:00.0 | A Treasury Select Committee has announced an inquiry into student loans. |
| 0:04.1 | It comes after Rachel Reeves announced a freeze on repayment thresholds, meaning more |
| 0:08.2 | graduates will start repaying once they earn just over the living wage. |
| 0:12.8 | It's an issue that doesn't just affect today's students and graduates, but is increasingly |
| 0:16.6 | becoming a political issue that government cannot ignore. |
| 0:20.2 | I'm Tom McTaghan, this is Daily Politics from the New Statesman, and I'm delighted to be |
| 0:24.2 | joined by Rachel Conliff. So, Rachel, tell us about what has been announced on student loans, |
| 0:30.4 | because it both feels kind of significant, and then I'm trying to figure out how significant |
| 0:34.4 | it actually is. Well, it's got onto the parliamentary agenda, I think, is the way of looking at it. |
| 0:39.5 | The Treasury Select Committee has opened an inquiry into student loans and the overall |
| 0:44.9 | fairness of the system. |
| 0:46.3 | So the first thing to say to all our listeners and watches is you can go and submit |
| 0:51.1 | your own experiences and thoughts as part of this survey if you're over 16, |
| 0:55.9 | whether you have a student loan or not until the 14th of April. |
| 0:59.4 | Everyone should do that because this is the way for MPs to gather evidence about how the system works, |
| 1:04.5 | the impact that it's having on people and how the public feel about it. |
| 1:09.4 | There are about, I think it's about 15 questions that relate to |
| 1:12.7 | everything from the interest rate, the terms of the loan, whether it's right for the government |
| 1:18.2 | to be able to retrospectively make changes, and then the overall issue of marginal tax rates |
| 1:24.3 | and the intergenerational fairness of the system. So go fill in the survey. |
| 1:29.3 | Well, it is an important moment then because it's the start of something, at least. It's a kind |
| 1:33.6 | of indication that the unfairness, the perceived unfairness, whatever it is, has reached Parliament. |
... |
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