
"As the Conservative leader was being interviewed on ITV about her party's plans to cut interest rates for some student loans, Lewis, the campaigner and finance expert, marched on to the set to announce that he completely disagreed. Ed Balls, who had been interviewing Badenoch for Good Morning Britain, had challenged Badenoch on whether the Tory plan would help only former students in the highest-paying jobs."
"While Badenoch stuck to her view, polling shows that Lewis, who styles himself as a money-saving expert, is heavily trusted by much of the public on personal finance matters. The Conservative plan, set out overnight, would scrap any above-inflation interest rate increases on so-called plan two student loans in England, those who started courses from 2012 to 2022. The change would be financed by cutting tens of thousands of university courses that do not provide value for money for students."
"Interviewed about the plan on Sunday, the shadow education secretary, Laura Trott, suggested this could include creative arts courses. There is increasing political consensus that the current system, in which rising interest rates mean the majority of former students barely make a dent in huge piles of debt, is unworkable. Martin Lewis is calling on the Chancellor to change a key decision on student loans she made in the last budget, calling it a breach of the contract graduates originally signed."
Kemi Badenoch was interrupted on Good Morning Britain when Martin Lewis entered the set to oppose her claims about Conservative proposals to cancel above-inflation interest rate increases on plan two student loans for courses starting 2012–2022. Ed Balls had questioned whether the cuts would mainly benefit graduates in the highest-paying jobs; Lewis backed that challenge and is broadly trusted on personal finance. The proposed change would be paid for by cutting tens of thousands of university courses deemed poor value, with the shadow education secretary suggesting creative arts could be affected. Critics argue rising interest rates have made the current loan system unworkable.
Read at www.theguardian.com
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