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Plan 1 student loan - pre 2006
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seatbeltnoob
Posts: 1,367 Forumite
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%
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Comments
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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%.
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