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    I know the student loands are a good deal but at a rough guestimate, what's the interest rate on them?

    I saw on another thread that someone would pay back £83k which i find hard to believe, but they didn't say for how many years at uni that was for, but still . . .
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    (Original post by Nix-j-c)
    I know the student loands are a good deal but at a rough guestimate, what's the interest rate on them?

    I saw on another thread that someone would pay back £83k which i find hard to believe, but they didn't say for how many years at uni that was for, but still . . .
    I think it's 1.5% at the moment, but I'm not sure.

    (Original post by hypocriticaljap)
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    He'll know.
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    It's currently at 1.5%, but this will change on the 1st September.
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    (Original post by Taiko)
    It's currently at 1.5%, but this will change on the 1st September.
    Or before. Its 4.4% but limited by the BoE rate +1%. On Sept 1st the 4.4% ceiling will change.
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    (Original post by Nix-j-c)
    I know the student loands are a good deal but at a rough guestimate, what's the interest rate on them?

    I saw on another thread that someone would pay back £83k which i find hard to believe, but they didn't say for how many years at uni that was for, but still . . .
    2.5-3% on average over the last decade, its ranged from 0-4.8%. But its impossible to know what the future will be, theres nothing stopping them going up to 5%+

    Also with the new fee system the interest rate will change (be higher than that minimum) depending on your earnings.
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    Thanks - I supose even though that's bad for me . . .
 
 
 

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