Students: Loans
Commons · Question 12531 · Tabled 23 Jun 2026 · Department for Education · Official record
Answered 1 Jul 2026
Question
Asked by Navendu Mishra
To ask the Secretary of State for Education, whether her Department has made an assessment of the potential merits of pausing accrued interest on Plan 2 student loans for graduates while on maternity leave.
Answer
Answered by Josh MacAlister, 1 Jul 2026
Interest accrues on loan balances until the loan has been repaid in full or cancelled, but interest rates do not impact monthly repayments made by borrowers.Borrowers on Plan 2 terms have interest applied at a rate of Retail Price Index only when earnings...