Detail of outcome
We agree with the majority of respondents that individuals should be allowed to repay student loans without penalty if they wish. We have decided that we will not make any changes to current arrangements and will not introduce any early repayment systems.
Detail of feedback received
We received 154 responses from the general public, and main stakeholders including a diverse range of:
- higher education providers and representative bodies
- consumer groups
- professional bodies
You can view a summary of the responses and a list of respondents on the ‘Higher education reform’ website. The majority of respondents were opposed to there being any restrictions on a borrower’s ability to make early repayments.
This consultation ran from 28 June 2011 12:00am to
20 September 2011 11:45pm
We're asking for views on early repayment options for student loans, like those paid by people who pre-pay their mortgages.
We want to know your views on potential early repayment options for student loans, like those paid by people who pre-pay their mortgages.
The consultation outlines the options and the implications for borrowers, employers and others involved.