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MSE News: Student loan rates to soar as inflation jumps
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Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The hike March's cost of living figures means anyone with a student loan will pay far more to service it from September ..."
"The hike March's cost of living figures means anyone with a student loan will pay far more to service it from September ..."
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Comments
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Not much comment here, because the original blog posting has a bad link at the bottom:
https://forums.moneysavingexpert.com/discussion/comment/32037353#Comment_32037353
should be:
https://forums.moneysavingexpert.com/discussion/comment/32037353#Comment_32037353
The change of interest rate for post-1998 students won't affect how much they pay back through PAYE (9% of gross salary and bonuses over £15000) each month, it will just increase the interest that builds up on the outstanding balance. Graduates will just be paying back for longer. Hopefully the BoE base rate will stay low and the SLC interest rate for post-1998 loans will stay around 1-2% for the year from September.
Not sure how it would affect payments for pre-1998 loans.Cider Country Solar PV generator: 3.7kWp Enfinity system on unshaded SE (-36deg azimuth) & 45deg roof0 -
sly_dog_jonah wrote: »Not much comment here, because the original blog posting has a bad link at the bottom:
https://forums.moneysavingexpert.com/discussion/comment/32037353#Comment_32037353
should be:
https://forums.moneysavingexpert.com/discussion/comment/32037353#Comment_32037353
The change of interest rate for post-1998 students won't affect how much they pay back through PAYE (9% of gross salary and bonuses over £15000) each month, it will just increase the interest that builds up on the outstanding balance. Graduates will just be paying back for longer. Hopefully the BoE base rate will stay low and the SLC interest rate for post-1998 loans will stay around 1-2% for the year from September.
Not sure how it would affect payments for pre-1998 loans.
https://forums.moneysavingexpert.com/discussion/2416507
Thats cause I beat them :eek:0
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