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Showing posts with the label Student Loan Firms In The UK

Student Loan Firms In The UK Have Increased Interest Rate

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The quick answer to the question; do you pay interest on UK student loans? 'It's a yes. But student loans are unlike any other form of personal loan in that the interest rate is tied to the inflation rate. Added to this, different rates are available depending on the type of student loan you have. Disturbed? You just don't need to be. We're here to break it down for you. If you have a student loan in the UK there are two plans that you might be on. It depends on which path you are on when you launch your higher education course.

Interest rates for student loans, already a source of great outrage and a review by the government, increased again in September. England and Wales's students have almost definitely seen the rate increase from 6.1 percent to 6.3 percent in 2018- and many former students with unpaid loans will likely see their rates rise. The reason for this rise was revealed in March's RPI inflation figures, and that was the rate that had always dictate…