Written Question·Department for Education·UIN 115936

Students: Loans

Tabled: 25 February 2026
Answered: 26 March 2026
Named Day

Question

David Reed

ConservativeExmouth and Exeter East

To ask the Secretary of State for Education, what estimate she has made of the long-term fiscal impact of replacing RPI with CPI for Plan 2 student loan interest.

Answer

Josh MacAlister
Interest rates on student loans have been consistently linked to a widely recognised and adopted measure of inflation. Interest rates are set in legislation in reference to the Retail Price Index (RPI) (from the previous March) and are applied annually on...

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