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Story summary
- Chancellor John Healey will likely omit student loan reforms from the 28 October Budget.
- Senior government sources say altering Plan 2 loans would be too costly for the Budget.
- Plan 2 interest remains RPI plus up to 3 % and is capped at 6 % for 2026/27.
- Repayments start when graduates earn £29,385 annually.
- Education Secretary Lucy Powell called the interest charge egregious and a top priority.