Student Loans in England have been in the news a lot recently. For many graduates, it has become increasingly difficult to repay the loans they’ve taken out, largely because of the interest that accumulates. We’ve been working closely  with the National Union of Students and Russell Group Students’ Unions to push the Government to make the system fairer.  

The House of Commons Treasury Select Committee has now launched a major inquiry into the student loan system. This is a major win and gives us a significant opportunity to have our thoughts on the loan system heard and considered by MP’s in Westminster.  

Since tuition fees were introduced in 1998, the cost of studying has steadily risen. The amount students can borrow has also increased, and the conditions attached to these loans have become increasingly complex. The Committee’s inquiry will examine how the student loan system works today, how it interacts with the wider tax system, and what the long-term financial implications are for graduates and for the public purse. 

Although the Committee is focusing on Plan 2 loans (2012–2023), all types of student loans are within scope. This means, if you are taking out any form of student loan from the government, the terms of your repayment may be looked at. We are working to make the system fair for all students and graduates of UCL. 

What the Committee is looking at 

The inquiry will examine: 

  • The terms and conditions students agree to when taking out loans 
  • The level of interest charged 
  • The link between student loan repayments and taxation 
  • The overall fiscal impact of the student loan system 

The Committee is currently accepting written evidence until 17:00 on Tuesday 14 April 2026. Students' Union UCL will be submitting to the inquiry alongside other Russell Group Students’ Unions, and we’d love to hear your thoughts on the loans system - but you can also submit directly too.  

Your experience matters 

Alongside formal submissions, the Committee has also opened a 10 minute questionnaire for individuals to share their personal experiences of thinking about, taking out, and repaying student loans. This is an opportunity for your story to influence national policy on fees and funding. 

To get involved or share your experience, contact your  

Education Officer, on [email protected] 

If you’d like to speak to someone before submitting your views, or if you want your experiences reflected in the submission we make as a union our student officers are here for you. They will make sure your perspective is represented. 

Last updated 5 hours ago