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Evening Standard
Evening Standard
Politics
Nina Lloyd

Millions of graduates to have student loan interest capped at 6%

Rachel Reeves
The Government announced a cap of 6% on interest rates for plan 2 and plan 3 loans (Leon Neal/PA) - (PA Wire)

Millions of graduates will have the interest on their student loans capped at 6% from September after mounting criticism over repayment costs as the UK braces for the economic fallout from the Iran war.

Ministers said the move would help “defend against the consequences of far-away conflicts in an uncertain world” by protecting borrowers from the risk of rising inflation.

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