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One Whitehall-commissioned report from Rothschild even proposed raising interest rates on old loans, which would have increased repayments for students but made the assets more valuable to investors.
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The Department for Business, Innovation and Skills said the freezing of the repayment threshold and other changes would mean a 30% reduction in the portion of unpaid loans, known as the resource accounting and budgeting charge, by 2020, and increase repayments by £3bn.
The rise in the value of the dollar increases the repayment burden for firms and governments that have borrowed in the US currency.
This would increase your repayments to £1,085 a month.
Other expenses hitting classrooms hard include Public Finance Initiative (PFI) repayments on deals signed years ago and increased responsibility for pupils with special needs.
The Clydesdale Bank is facing a very large increase in the cost of repayments for mis-selling of financial products.
However, the system is complicated and subject to change – for example, in 2015 the government overturned a promise to increase the threshold for repayments up from £21,000 each year from 2017 – a move that will cost graduates around £3,000 each over their career.
"We have protected those on lower incomes by increasing the repayment threshold to £21,000 and our universities are now well funded for the long term".
For example, subtle changes in wording have been found to dramatically increase tax repayment rates.
"We have protected those on lower incomes by increasing the repayment threshold to £21,000.
"There is an increased riskiness around repayment because of the recession," he added.
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