Education secretary Justine Greening has announced that the earnings threshold for student loan repayment both in further and higher education will be raised from £21,000 to £25,000.
This, according to the government, could be worth up to an additional £360 a year for thousands of college and university leavers earning less than £25,000 a year. The change applies to advanced learner loans. Tuition fees for higher education courses will also be frozen for 2018-19.
Speaking at the Conservative Party conference in Manchester yesterday, Ms Greening said the country needed a “skills revolution”. She announced 27 new degree apprenticeship schemes. Degree apprenticeships are available at levels 6 to 7 and combine work with degree-level study.
The education secretary told the conference: "Our reforms to technical education in this country are going to deliver choice for those great young people, and skills for our employers.” Ms Greening added: "As we prepare to leave the European Union, this has never been more important for our country, because this great country of ours needs a skills revolution. I want our country to have an army of skilled young people there and ready for the British businesses that so need them."