Students: Loans
Commons · Question 115148 · Tabled 23 Feb 2026 · Department for Education · Official record
Answered 2 Mar 2026
Question
Asked by Calum Miller
To ask the Secretary of State for Education, whether she has made an assessment of the potential impact of changing the (i) interest rate, for example to CPI, for existing student loan borrowers and (ii) maximum period before student loans are written off
Answer
Answered by Josh MacAlister, 2 Mar 2026
Reducing the interest rate charged to existing student loan borrowers would lead to reduced future repayments due to some borrowers paying off their loans faster, and therefore represent a cost to the public purse.Increasing the maximum period before stud...