Written Question·Department for Education·UIN 19865
Students: Loans
Tabled: 12 December 2024
Answered: 20 December 2024
Question
Manuela Perteghella
Liberal Democrat — Stratford-on-Avon
To ask the Secretary of State for Education, whether she has made an assessment of the potential impact of interest rates for university student loans on (a) students and (b) their families.
Answer
Janet DabyInterest rates on student loans do not affect monthly repayments made by borrowers. Regular repayments are based on a fixed percentage of earnings above the applicable repayment threshold, not on amount borrowed or the rate of interest. The income of the ...
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