The Student Room Group

How much interest are student loans?

I heard it was 5%? So if I get £40,000 of debt, each year my loans goes up by £2000?
You can log onto the student loans repayments website using your SF log on details to view your balanced owed and interest rate. It shows on mine as 1.5%.

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If you are a post 2012 student it is RPI plus 3% while studying. Currently around 6%.
Original post by balotelli12
If you are a post 2012 student it is RPI plus 3% while studying. Currently around 6%.


Well, I'm from Northern Ireland and mine is shows it as 1.5% and this confirms it:

http://www.studentloanrepayment.co.uk/portal/page?_pageid=93,6678642&_dad=portal&_schema=PORTAL

But I think it depends if you are on loan 1 or loan 2 - you can check on the links on the page I have posted above. I'm not sure why there is such a contrast in the interest rates, 1.5% compared to 6%.

Posted from TSR Mobile
(edited 9 years ago)
Forgive me for not being a mind reader and knowing you were not under SFE.
Original post by balotelli12
Forgive me for not being a mind reader and knowing you were not under SFE.


No need to be rude.

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