Students: Loans
2026-05-12 · Department for Education · 295 · Official question
Question
To ask the Secretary of State for Education, with reference to the Answer of 22 April 2026 to Question 124528 and in the context of the March RPI figure being published, what is the estimated total fiscal cost of the policy of capping the maximum interest
Answer
The government is capping the maximum interest rates on Plan 2 and Plan 3 student loans at 6%, instead of the Retail Prices Index (RPI) plus 3%, for the 2026/27 academic year. This short term measure will protect students and graduates from the potential ...