What exactly was plans 2 and you may Package step three education loan?
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*This informative article try up-to-date on to echo the fresh new statement you to definitely scholar loan interest levels to own most recent consumers could be capped to safeguard him or her away from an increase in rising prices.
Just what maybe you’ve revealed?
Education loan interest levels tend to now be capped during the 6.3%, in lieu of eight.3%, from – this will cover education loan consumers off rising inflation cost.
We intervened for the Summer to safeguard consumers responding towards the increase in the rate off RPI on account of worldwide financial demands and this required student loan consumers might have confronted an effective several% rate of interest during the Sep.