Oral question asked in the House of Lords, by Lord Hain (Labour). It was answered by Baroness Smith of Malvern (Labour) on Tuesday, 30 June 2026.
University Student Finance
- Question
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To ask His Majesty’s Government what plans they have, if any, to reform university student finance.
- Answer
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My Lords, this Government are taking decisive action to improve the student finance system that we inherited. We are capping interest rates to protect plan 2 and plan 3 borrowers from inflation shocks. We increased the plan 2 repayment threshold twice—its first increases since 2021. We have future-proofed maintenance loans, and we will be reintroducing maintenance grants in 2028. We will continue to look for ways to make the system fairer for students, graduates and taxpayers.
Secondary information
- Type
- Oral question
- Reference
- 857 cc943-6
- Session
- 2026-27
- Oral question type
- Lead
- Chamber / Committee
- House of Lords chamber
- Subjects
- Finance Reform Students
- Link
- View this Oral question on hansard.parliament.uk
Librarians' tools
- Timestamp
- 2026-07-02 13:01:00 +0100
- URI
- http://hansard.intranet.data.parliament.uk/Lords/2026-06-30/26063025000079
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2026-06-30/26063025000079
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2026-06-30/26063025000079