Saturday 11 June 2022 01:10 AM Interest on student loans to be capped at 7.3 per cent after rates were set to ... trends now
Saturday 11 June 2022 01:10 AM Interest on student loans to be capped at 7.3 per cent after rates were set to ... trends now
Interest on student loans to be capped at 7.3 per cent: Government intervenes to protect graduates from rampant inflation after rates were set to soar to 12 per cent this year Interest rates on student loans have been capped at 7.3 per cent as inflation bites Move will save borrowers hundreds of pounds in accrued interest on their debt Interest rate on student debt could have soared to 12 per cent in September
read more from dailymail.....
View
comments
Interest rates on student loans have been capped at 7.3 per cent to protect graduates from rampant inflation.
The Government has intervened after a surge in the retail price index (RPI) meant that the interest rate on student debt could have soared to 12 per cent in September, because the rate is set at RPI plus 3 per cent.
