Written Question·Department for Education·UIN 111753
Students: Loans
Tabled: 9 February 2026
Answered: 16 February 2026
Named DayQuestion
Dr Rosena Allin-Khan
Labour — Tooting
To ask the Secretary of State for Education, what assessment she has made of the potential merits of placing an upper limit on real terms interest that can be accrued on Plan 2 student loans.
Answer
Josh MacAlisterPlan 2 student loans were designed and implemented by previous governments. Interest rates are applied at the Retail Price Index (RPI) only, then variable up to an upper limit of RPI +3% depending on earnings. This maintains the real value of repayments o...
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