Tuition fee changes ‘to save students £15,700’

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Raising the earnings threshold for repaying tuition fees in England could save individual students up to £15,700 over their working lives, says the Institute for Fiscal Studies.

The financial think tank has analysed the impact of changes to repayments announced by Prime Minister Theresa May at the weekend.

Students will pay back when they earn £25,000 per year, rather than £21,000.

The IFS says this change will cost the Treasury £2.3bn per year.

At the Conservative party conference, Mrs May announced changes to the student finance system,…

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