Select committee: Treasury Committee
Conclusion 11
1st Report – Student loans: Broken and unfair?
Published 7 Jul 2026
Addressed to HM Treasury
Treasury Committee Student loans and taxation of graduates All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
With its Plan 5 reforms, the previous government chose to replace income- contingent interest rates with rates pegged to inflation, which suggested that it considered income-contingent loans as problematic. Instead, it opted to shift the burden of paying for higher education slightly away from the highest earners towards all loan holders through longer repayment terms and lower repayment thresholds. (Conclusion, Paragraph 45)
From: Treasury Committee, 1st Report – Student loans: Broken and unfair? (HC 14), 7 July 2026
Government response
The government responded to the whole report on 13 September 2026 (deadline 7 September 2026).