Giving Compass' Take

· BBC News reports that Prime Minister Theresa May announced that the student loan repayment threshold has risen. Around 600,000 students will benefit from this new policy.  

· How will raising the threshold help recent graduates? How will this help the economy?

· Learn about student loan repayment trends.

English and Welsh students who took out loans from September 2012 onwards - when fees in England rose to up to £9,000 a year - will now start to pay back when they earn £25,000 a year instead of £21,000. The government says the move could save graduates up to £360 a year.

The National Union of Students said the change was "welcome relief" for many.

The Department for Education says some 600,000 graduates will benefit over the next financial year alone.

Previously, the repayment threshold for post-September 2012 loans had been frozen at £21,000 until 2020-21, but last autumn Prime Minister Theresa May announced a rise in the threshold from this new financial year.

The change will also lower the repayments of those earning over £25,000, as the percentage of salary paid back will be on a smaller amount.

Read the full article about student loan repayment by Katherine Sellgren at BBC News.