Written Question·Department for Education·UIN 111755
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, pursuant to her Department's answer to 108730, what assessment she has made of the potential merits of reducing the constant rate of student loan repayments from 9% to 5%.
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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