Government Pledge for Clearer Student Loan Information Fails to Address 'Plan 2' Crisis, Says Martin Lewis

HM Treasury and the Department for Education (DfE) have jointly responded to a report on student loans, pledging to provide clearer information to prospective university students about loan terms, including potential future changes. However, financial expert Martin Lewis criticized the response as 'very disappointing,' stating it does not resolve the current 'Plan 2' crisis, particularly the upcoming repayment threshold freeze affecting English and Welsh students who started university between 2012 and 2023. The government also rejected a recommendation to increase its contribution to student loans to achieve a 50:50 split with students.