The headline interest rate charged on post-2012 student loans in England and Wales will increase to up to 6.1% in September.
The interest charged is set at 3% plus the Retail Prices Index (RPI) inflation rate. With March’s RPI standing at 3.1%, as announced yesterday, this means students will be hit with interest charges of up to 6.1% from September.
Source Moneywise http://ift.tt/2ptuGei
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