Written Question·Department for Education·UIN 5161

Students: Loans

Tabled: 10 September 2024

Answered: 18 September 2024

Question

Mr Angus MacDonald

Liberal Democrat — Inverness, Skye and West Ross-shire

To ask the Secretary of State for Education, what assessment she has made of the prevalence of outstanding student loan balances increasing despite repayments being made as a result of high interest charges; and whether her Department is taking steps to r

Answer

Janet Daby

As education is a devolved issue, the following response outlines the student finance system in England only. Interest rates on student loans do not affect monthly repayments made by borrowers. Repayments are based on earnings above the applicable repayme...

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