Higher Education - Consultation on potential early repayment mechanisms for student loans
Open date: 28 Jun 2011
Closing date: 20 Sep 2011
Response date: 23 Feb 2012
We are consulting on potential early repayment mechanisms for student loans – similar to those paid by people who pre-pay their mortgages.
We consulted on potential early repayment mechanisms for student loans - similar to those paid by people who pre-pay their mortgages.
We sought your input on the following three questions.
- Should BIS introduce a more progressive mechanism for early repayment of student loans?
- If BIS should introduce a more progressive mechanism, which model best delivers BIS’ stated aims of ensuring the progressiveness and sustainability of the student finance system?
- How would a more progressive early repayment mechanism affect you or your organisation’s perception of and relationship with the student finance system?
The response to the consultation was published on 23 February 2012 (see link below). There is to be no system of charges introduced for early repayment of student loans.
Further information can be found on the Higher Education Reform website.
Download the consultation
Download the government response
