PM pledges to extend Help to Buy scheme and freeze tuition fees ahead of Conservative party conference.

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PM pledges to extend Help to Buy scheme and freeze tuition fees ahead of Conservative party conference.
United Kingdom Prime Minister Theresa May visits Florence, Italy to deliver speech.

Prime Minister Theresa May is now ready to announce that student tuition fees is going to be in her agenda to be frozen at £9,250 in a student funding overhaul.

Ms May told the Sun newspaper on Sunday, that the repayment threshold may also rise, meaning British graduates will only pay once they are getting a salary of £25,000.

Also, another change to the government-backed loan system to extend the Help to Buy scheme, PM said.

During last General Election, Labour party was attracted among young voters by their scrapping tuition fees completely.

“Too many of our young people fear they will be worse off than their parents.” Mrs May told Sun just before Sunday’s Tory party conference in Manchester.

 

 

“We have listened and understood to those have concerns and now we are going to offer a great deal for our young people and students.”

The Government’s plan to increase tuition fees by £250 for 2018-19 will not come into force and it will remain at the current rate of £9,250 per Annum.

Also, the higher education sector will see an introductory and fast-track degree courses that will be completed in just two-years, which is an idea has been suggested in the government agenda to cut the cost of young people.

Other ideas have also been suggested, is to cut the interest rates on loans and just introduce very lower fees for students studying particular subjects, such as engineering, which has a large number of skills shortages in the UK.

The extension to the Help to Buy will see £10bn will help another 135,000 first time buyers in order to support buyers to own their own home.

The money will help recipients to get a first-timer mortgage with a deposit of just 5% of the total value of them property.