This briefing note was submitted to The Department for Business, Innovation and Skills public consultation on 14 July 2015.
In the Summer Budget on 8 July 2015, the Chancellor announced plans for several important changes to higher education funding and student support. These reforms are analysed in detail in Britton, Crawford and Dearden (2015). One of the proposed reforms was a plan to freeze the income threshold above which student loan repayments are made in nominal terms at its current level (£21,000 per year in 2016 prices) for 5 years. The Department for Business, Innovation and Skills launched a public consultation regarding the proposal on 22 July 2015. This short note extends the work of Britton, Crawford and Dearden (2015), analysing the likely implications of the proposed changes for students entering university in 2016-17.
Research Fellow University College London
Claire is a Research Fellow at IFS, working on the determinants and consequences of participation in childcare and education for parents and children.
Jack's main interests lie in human capital accumulation and discrete choice dynamic modelling.
- Institute for Fiscal Studies
J, Britton and C, Crawford and L, Dearden. (2015). Response to the government’s consultation on freezing the repayment threshold. London: Institute for Fiscal Studies. Available at: https://ifs.org.uk/publications/response-governments-consultation-freezing-repayment-threshold (accessed: 11 December 2023).
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