UK Chancellor Rachel Reeves defends the student loan system as 'fair and reasonable' despite criticism over freezing the repayment threshold at £29,385 for three years from April 2027. Critics like Martin Lewis argue this policy treats student debt like tax, which they say is morally questionable, especially as inflation increases interest rates on loans. The system applies to students who started university between 2012 and 2023, with graduates repaying 9% of income above the threshold. Rising tuition fees and inflation have led to increased debt burdens, with some graduates facing interest rates up to 6.2%, making repayment more difficult. The government’s decision to freeze thresholds and income tax support thresholds has raised concerns about fiscal drag and growing inequality. Meanwhile, the political landscape is shifting, with Labour and the Greens debating the future of higher education funding. The Greens have promised to cancel graduate debt, positioning themselves as a progressive alternative, while Labour faces potential unrest over the issue, which could influence upcoming elections. The broader context includes rising university costs, student debt impacting life choices like homeownership, and ongoing political debates about fairness, inequality, and economic policy.