Students: Loans
Commons · Question 19865 · Tabled 12 Dec 2024 · Department for Education · Official record
Answered 20 Dec 2024
Question
Asked by Manuela Perteghella
To ask the Secretary of State for Education, whether she has made an assessment of the potential impact of interest rates for university student loans on (a) students and (b) their families.
Answer
Answered by Janet Daby, 20 Dec 2024
Interest rates on student loans do not affect monthly repayments made by borrowers. Regular repayments are based on a fixed percentage of earnings above the applicable repayment threshold, not on amount borrowed or the rate of interest. The income of the ...