Plan 1 student loan - pre 2006

seatbeltnoob

Hello

The interest rate on my loan has gone up to 6%.

I'm just curious is this tracked to base rate, so if the base rate goes down to 2% will the interest on the student loan go down there as well. Or will it stay high?

I beleive for may years it was around 2%

la531983

The Internet answers this for you. 

https://www.savethestudent.org/student-finance/student-loan-repayments.html#:~:text=As of July 2023, The,1 Student Loans is 6%.