Bruce "The Boss" Springsteen will take to the stage at tonight's 12-12-12 fundraiser at Madison Square Garden in New York to raise money for Hurricane Sandy victims.
Recently, the New Jersey native emotionally described his reaction to the destruction of its coastline, saying it was "very painful and shocking".
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The Chancellor will promise to fix a glitch, which means repayments continue to be taken for up to 12 months after the loan is paid off.
The proposal will see the introduction of a discounted railcard for 26-30-year-olds, as the government looks to lessen the cost of living.
The vessel went missing last week with 44 sailors on board.