Chancellor pledges to make student loan repayments ‘more affordable’

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Chancellor pledges to make student loan repayments 'more affordable'

The chancellor has promised to lower repayments on student loans by cutting inflation after graduates staged a protest outside Parliament demanding action on the soaring costs.

Rachel Reeves recently said the repayment system was "fair and reasonable," but the National Union of Students (NUS) has labelled her a "student loan shark" in response to changes in the Budget, which will lead to some students paying more for loans.

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Date: February 12, 2026