Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
World
Syraat Al Mustaqeem

Student loans interest rates cuts: Who does it affect and when do the changes happen?

University students and graduates aged 40 and under have nearly double the amount of non-student loan debt compared with those who did not attend university, according to Equifax (Chris Radburn/PA)

(Picture: PA Archive)

Student loan interest rates will be slashed for the second time this summer as the Government has intervened to protect borrowers from rising inflation rates and cost of living.

The Department for Education (DfE) announced the cut of 6.3 per cent for the coming academic year.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.