How do Plan 2 student loans work, and how have they changed over time?    

Plan 2 student loans are the loans that one took on or after September 1, 2012 and July 31, 2023, in England or Wales from the Student Loans Company (SLC). One may take these loans for an undergraduate, Level 4, 5 or PCGE course beginning.   The repayments on these loans are generally 9% of the income of over £28,470 per year. The …