Written Question·Department for Education·UIN 115148

Students: Loans

Tabled: 23 February 2026
Answered: 2 March 2026
Named Day

Question

Calum Miller

Liberal DemocratBicester and Woodstock

To ask the Secretary of State for Education, whether she has made an assessment of the potential impact of changing the (i) interest rate, for example to CPI, for existing student loan borrowers and (ii) maximum period before student loans are written off

Answer

Josh MacAlister
Reducing the interest rate charged to existing student loan borrowers would lead to reduced future repayments due to some borrowers paying off their loans faster, and therefore represent a cost to the public purse.Increasing the maximum period before stud...

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