NewsStory

Wales freezes Plan 2 student loan repayment threshold for three years

KROV newsroom

12 Nov 2026, 3:57 am IST1 min read

DiscussionThe story behind the news.

Painted illustration of books, a notebook and a calculator on a study desk.

Wales will keep the income threshold for starting repayments on Plan 2 student loans at £29,385 for three financial years, from 2027–28 through 2029–30. Welsh Deputy Minister for Skills and Tertiary Education Cefin Campbell confirmed the decision on November 11.

The lower and upper income thresholds used to determine interest rates will also stay at £29,385 and £52,885 respectively.

Campbell said Wales and England share a repayment system run by the Student Loans Company and HM Revenue and Customs. The system cannot currently handle different thresholds for Welsh and English borrowers, he said, and the UK government had decided to freeze them for English Plan 2 borrowers.

Cover image is an AI-generated editorial illustration.

Sources and credits

Credit: Welsh Government, GOV.WALES (Crown copyright)

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