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Student Loans and RPI?
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Does this mean they revise down the threshold at which you repay the pre 1998 student loan?0
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Interesting article on the motley fool:
http://www.lovemoney.com/news/loans/student-loans-to-cost-more-than-inflation-3389.aspx?source=1000020
We may potentially be facing paying an interest rate higher than inflation as of September (i.e. 0% when inflation as measured by RPI is lower than that).
Are regular loan companies able to retrospectively rewrite the terms and conditions of loans already agreed?
Wasn't one of the arguments against clawing back Fred the shred's pension that we can't go about retrospecively altering contracts and it'd open the floodgates for us all to be robbed?
Isn't that in effect what this ammendment to the student loan legislation amounts to?0
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