Liverpool’s university graduates will soon be paying “eye watering” levels of interest on their student debt, according to a leading economic body.
The Institute for Fiscal Studies (IFS) said students were in for a “rollercoaster ride” in the coming months.
Interest rates for those earning £27,295 or less will increase from 1.5% to 9%. Former students earning £49,150 or more will see their rates rise from 4.5% to 12%.
