A record high of 1.2 million graduates of English universities are not earning enough to start paying back their student loans, currently at the threshold of £27,295 a year.
This is a 20 per cent rise since April last year when one million graduates in the UK tax system were not earning enough to start repayment on their loans.
Nearly six in ten recent graduates in work are also not well-paid enough to start repaying their loans - another new record high.
As of April this year there are 178,300 recent graduates of English universities earning below the £27,295 threshold compared to nearly 127,600 earning more.
The National Union of Students (NUS) told MailOnline that this shows 'how difficult it is to be a graduate in 2022' due to 'wage stagnation and poor quality employment coming out of the pandemic'.
