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Image: Images Money [CC BY 2.0], via Flickr

Prime minister called upon to review loan repayment threshold freeze.

Retrospective changes to the repayment terms on student loans are “hugely damaging” and should be reversed, Martin Lewis, a consumer journalist and founder of MoneySavingExpert.com, has told David Cameron.

In his letter to the prime minister, Lewis states that the basis on which students took out their loans in 2011 formed “a core part of the calculations about how much university would really cost them”. He adds that the regulator would not allow a commercial lender to make retrospective changes to its terms and thus it is “therefore surely wrong for government to do so”. Retrospective changes are a “sign of bad governance” and undermine trust in both the student finance and wider political systems, he says.

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