in

Relief for students as interest rates on loans are slashed to 6.3 per cent


Relief for students as interest rates on loans are slashed to 6.3 per cent to protect graduates from soaring inflation

  • New cap will bring the interest rate below RPI by the ‘largest amount on record’
  • Student loan borrowers were facing a 12 per cent interest rate in September 
  • This was until a cap on interest rates of 7.3 per cent was announced in June

Interest rates on student loans have been further reduced to 6.3 per cent to protect graduates from rising inflation.

The Department for Education said the new cap, which comes into force in the autumn, will bring the interest rate below RPI (retail price index) by the ‘largest amount on record’.

With RPI soaring, student loan borrowers were facing a 12 per cent interest rate in September until a cap…



Read the Full Article Here Dailymail

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published.

Explosions Rip Through Russian Base on Crimea

Cameron Smith refuses to deny reports he has signed $100m deal to join LIV Golf and quit PGA Tour