The government also froze the threshold not that long ago, which apparently hits low- and middle-income earners hard. Have a look at Martin Lewis’ (Mr. MoneySavingExpert) recent posts on the subject. I didn’t quite understand it but the outcome is that they will be pay more and for longer. He’s taken the step of enlisting legal counsel to see if he raise a challenge as the changes adversely affect students with existing loans.

Grants have also gone for low income families, too. Loans have increased to compensate for that, but it’s still something else young people will have to pay for later in life.