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Student loan repayment threshold

EDM (Early Day Motion) 653: tabled on 15 November 2021

Tabled in the 2021-22 session.

This motion has been signed by 30 Members. It has not yet had any amendments submitted.

Motion text

That this House expresses its concern about proposals to lower the threshold at which students repay their student loans; notes that the average student leaves university with £50,000 worth of debt and is currently required to start paying off their student loan when they earn £27,295 a year; further notes that under new proposals this would drop to as low as £22,000 a year; recognises that this would mean a significant increase in debt repayments for most graduates with those earning above the average salary paying up to £475 more a year; further recognises that young people are already being hit the hardest by the recent increase in National Insurance Contributions and this latest proposal will mean that university leavers pay double the amount of tax as pensioners earning double their salary; regrets that this pitches current and future students against those generations who benefited from a more affordable higher education; believes that higher education is a vital public good that benefits the whole of society and that the burden of costs should fall on the wealthiest; calls on the Government to scrap their current proposals to lower the threshold at which students start repaying their student loans and to bring forward new proposals that reduce student debts; and further calls on the Government to review the funding system for higher education and to examine the possibility of abolishing tuition fees and funding higher education through wealth and income taxes.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Morris, Grahame
Labour
Signed on 16 November 2021
Easington
Lewis, Clive
Labour
Signed on 16 November 2021
Norwich South
Edwards, Jonathan
Independent
Signed on 16 November 2021
Carmarthen East and Dinefwr
Brown, Mr Nicholas
Labour
Signed on 16 November 2021
Newcastle upon Tyne East
Corbyn, Jeremy
Independent
Signed on 16 November 2021
Islington North
Webbe, Claudia
Independent
Signed on 16 November 2021
Leicester East
Mearns, Ian
Labour
Signed on 17 November 2021
Gateshead
McCabe, Steve
Labour
Signed on 17 November 2021
Birmingham, Selly Oak
Sultana, Zarah
Labour
Signed on 17 November 2021
Coventry South
Osborne, Kate
Labour
Signed on 17 November 2021
Jarrow
Vaz, Valerie
Labour
Signed on 17 November 2021
Walsall South
Dowd, Peter
Labour
Signed on 17 November 2021
Bootle
Barker, Paula
Labour
Signed on 17 November 2021
Liverpool, Wavertree
Yasin, Mohammad
Labour
Signed on 17 November 2021
Bedford
Byrne, Ian
Labour
Signed on 17 November 2021
Liverpool, West Derby
Foy, Mary Kelly
Labour
Signed on 17 November 2021
City of Durham
Russell-Moyle, Lloyd
Labour
Signed on 17 November 2021
Brighton, Kemptown
McDonnell, John
Labour
Signed on 17 November 2021
Hayes and Harlington
Stephens, Chris
Scottish National Party
Signed on 17 November 2021
Glasgow South West
Johnson, Kim
Labour
Signed on 17 November 2021
Liverpool, Riverside
Lloyd, Tony
Labour
Signed on 18 November 2021
Rochdale
Hayes, Helen
Labour
Signed on 22 November 2021
Dulwich and West Norwood
Burgon, Richard
Labour
Signed on 16 December 2021
Leeds East
Begum, Apsana
Labour
Signed on 5 January 2022
Poplar and Limehouse

There are no withdrawn signatures for this motion.