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Interest Rate & Threshold
Poolie
Posts: 1,882 Forumite
Following the announcement of RPI for March 2012 the following should apply.
Student Loan Interest rate from 1st September 2012 to 31st August 2013 will be 3.6% (unless you have the provision in your terms and conditions which ensures the interest rate is Bank of England Base Rate + 1% meaning your student loan will be 1.5% until the Base Rate rises to 2.6%.
Student Loan Threshold from 1st April 2013 to 31st March 2014 will be £16365 (£15795 * 3.6% rounded up to nearest £5).
Student Loan Interest rate from 1st September 2012 to 31st August 2013 will be 3.6% (unless you have the provision in your terms and conditions which ensures the interest rate is Bank of England Base Rate + 1% meaning your student loan will be 1.5% until the Base Rate rises to 2.6%.
Student Loan Threshold from 1st April 2013 to 31st March 2014 will be £16365 (£15795 * 3.6% rounded up to nearest £5).
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