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help student loan pre 98 confused

matius76
matius76 Posts: 2 Newbie
in Loans
Hi i have a student loan pre 98 have heard it will shrink but really dont understand will it grow again

Comments

  • anotherpaul_2
    anotherpaul_2 Posts: 482 Forumite
    The interest rate is tied to inflation (RPI, I think) each March. If that falls below zero, the interest rate might get set to negative (or possibly just zero). It would then be reset the next March depending on what RPI was then.
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