Epping Forest's MP has welcomed plans for a 'new deal' for young people.
Dr Neil Hudson MP voiced his support for the Conservative Party’s new proposals aimed at helping young people.
The plan includes support for first-time employment, apprenticeships, and student loan reform.
The 'New Deal' includes scrapping real interest on Plan 2 student loans, supporting 100,000 more 18 to 21-year-olds to take up apprenticeships by funding their training, and supporting employers with up to £5,000 for each 18 to 21-year-old apprentice.
British citizens would be taken on and get a First Job Bonus allowing young people to keep the first £5,000 of National Insurance they would have paid in their first job.
The student loan changes would affect English undergraduates who began courses between 2012/13 and 2022/23.
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Dr Hudson said: "Our young people in Epping Forest rightly want exactly what generations before them enjoyed: their hard-work to be rewarded, not punished with eye-watering student loans debts they will never be able repay, and costs pricing them out of their dreams of homeownership and raising a family.
"Where Labour’s punitive choices are making everything worse for young people, the Conservatives New Deal for Young People is as ambitious for our young people as they are for their future.
"Cutting interest on student loans and helping our young folk get on in life is what this New Deal will bring."
According to the Conservative Party, under its plans a doctor in 2029 with £80,000 of student debt would save £58,000 in lifetime repayments and clear their loans, while a graduate with £40,000 of student debt on a salary of £50,000 would save £26,000 in lifetime repayments - and would clear their loan five years faster than under the current system.
Kemi Badenoch MP, leader of the Conservative Party, said: "Britain’s young people are facing a worse deal under Labour.
"Graduate recruitment is at the lowest level on record, and too many are going straight from education to welfare.
"This is why we’re launching a New Deal for Young People: a step-by-step plan to fix what Labour is making worse and it starts with the student loans system."
The Department for Education was contacted for comment.
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