Student Loan Rate

stefbeat

March RPI Inflation came in at 4.4%, so after a year of 0% interest on our student loans, from this September we have a significant increase to look forward too.

Last year we had the threat of deflation, this year inflation, lets hope it doesn't run up more....

tommyjoeybirchie

but whats this it says on the article on MSE?

If the highest base rate of 11 major banks plus 1% point is lower than March's RPI, the student loan rate will drop to that.

so this could feasibly be the case that a bank rate plus 1% could be lower than 4.4% so maybe we'll be paying lower still?

House_Hunter

I think another petition is going to be needed to clarify this asap!!

4.4% this year would be horrific!