We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Plan 1 student loan - pre 2006
Options

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%
0
Comments
-
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%.
1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards