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The Conservative Party proposes capping Plan 2 student loan interest at RPI, freezing repayment thresholds, cutting university places, and redirecting funds to apprenticeships and home savings.
The Conservative Party, led by Kemi Badenoch, has pledged to cap interest on Plan 2 student loans at the RPI rate, eliminating the additional 3% based on income, calling the current system a "scam" and vowing to reduce the financial burden on graduates.
The plan, part of a broader "new deal for young people," would freeze the repayment threshold at £29,385 for three years, cut 100,000 university places to save £3.6 billion, redirect funds to apprenticeships, and offer young workers a personal savings account for home purchases.
The move aims to address widespread criticism of rising graduate debt and perceived unfairness in the current system, which critics say disproportionately harms borrowers despite repayment caps.
El Partido Conservador propone limitar el interés de los préstamos estudiantiles del Plan 2 a RPI, congelar los umbrales de reembolso, recortar las plazas universitarias y redirigir los fondos a aprendizajes y ahorros para el hogar.