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Repayment Threshold 2015/16
Ed-1
Posts: 4,012 Forumite
With RPI for March in at 2.5%, the repayment threshold (for plan 1 loans) will rise to £17335 from April 2015 (16910x1.025 rounded up). Monthly threshold will be £1444 and weekly threshold will be £333.
From 1st September 2014:
Interest rates for plan 1 loans will remain at 1.5% due to the base rate but will be capped at a maximum of 2.5% should base rate move up.
Interest rates for plan 2 loans will be 5.5% or 2.5% depending on whether you are studying or not.
From 1st September 2014:
Interest rates for plan 1 loans will remain at 1.5% due to the base rate but will be capped at a maximum of 2.5% should base rate move up.
Interest rates for plan 2 loans will be 5.5% or 2.5% depending on whether you are studying or not.
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