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Student loan rate will be 3.8% for 08/09

I've just found the March 2008 figures for the Retail Price Index. It was 3.8% which will be the rate of the student loan for 08/09.

Not bad compared to last year's rate but not as low as it was the previous year.

Comments

  • phlash
    phlash Posts: 883 Forumite
    500 Posts
    I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
    That also means I cannot share in any profits from any decisions made!;)
  • Hi,
    I've just had my student loan notification letter to sign for next year and i am being loaned £4,000+ not the usual $3,000+ ??? i don't get any grants or help with the loan and next year i am going abroad for my third, sandwich, year but i didn't think that i got more loan money for that. Is this a rise for inflation? I don't really want to leave uni with more of a debt than i have to. I guess I should try to save some. Is that going to happen?
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Did you not fill in a form when applying? It usually asks how much you want to apply for. I am sure if you ring them up you maybe able to change it, not sure though.
  • Lynxette
    Lynxette Posts: 147 Forumite
    Thank the Lord! I was really worried about another price-hike!
    Sealed Pot Challenge! Aim; £100 Currently £11.61
    £2 Saving Club; Aim; £200 Currently £0
  • BruceyBonus
    BruceyBonus Posts: 1,143 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    wirat1977 wrote: »
    That is talking about America.
  • losthour
    losthour Posts: 132 Forumite
    Part of the Furniture Combo Breaker
    Wow 3.8 instead of 4.8. My loan will only go up by about £150 instead of £224 ish after I've paid my monthly amounts.

    It is all relative. After this year it will only be 23 years until it is wiped :)
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