MSE News: Student loan rates to soar as inflation jumps

Former_MSE_Guy

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 ..."

Read the full story:
Student loan rates to soar as inflation jumps

sly_dog_jonah

Not much comment here, because the original blog posting has a bad link at the bottom:


http://forums.moneysavingexpert.com/showthread.php?p=32037353#post32037353

should be:

http://forums.moneysavingexpert.com/showthread.html?p=32037353#post32037353

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.

Lokolo

sly_dog_jonah wrote: »

Not much comment here, because the original blog posting has a bad link at the bottom:


http://forums.moneysavingexpert.com/showthread.php?p=32037353#post32037353

should be:

http://forums.moneysavingexpert.com/showthread.html?p=32037353#post32037353

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.

http://forums.moneysavingexpert.com/showthread.html?t=2416507

Thats cause I beat them :eek: