"Labour MP Chris Hinchcliff said he had no prospect of paying anything more than the interest on his loan before he became an MP and is now in 50,000 worth of debt - over 10,000 more than he owed at the time he graduated in 2015. He is one a number of Sir Keir's own MPs calling on him to reform Britain's student loan system, as millions of young workers on a Plan 2 loan face spiralling debt from financial agreements they deem to be unfair."
"While the prime minister has pledged to make the system fairer, Labour MPs including Karl Turner urged the government to act faster and hatch a plan, quick sharp, to sort this sorry mess out, while former education secretary Charles Clarke told The Independent the system needs urgent reform."
Multiple Labour MPs, including Chris Hinchcliff, are urging Prime Minister Sir Keir Starmer to urgently reform the UK's student loan system. Hinchcliff, who graduated in 2015, now carries £50,000 in debt—over £10,000 more than his original loan—with no realistic prospect of paying beyond interest. Millions of young workers on Plan 2 loans face escalating debt from agreements they consider unfair. While Starmer has pledged to improve the system's fairness, senior party figures including Karl Turner and former education secretary Charles Clarke are demanding faster action and concrete reform plans to address what they describe as a fundamentally broken system.
Read at www.independent.co.uk
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