questionText: To ask the Secretary of State for Education, with reference to her Department's press release entitled Interest rate cap introduced to protect Plan 2 borrowers, published on 7 April 2026, what estimate her Department has made of the cost to the public purse of capping interest on Plan 2 and 3 student loans at 6%.
answerText: The government is capping maximum interest rates on Plan 2 and Plan 3 (postgraduate) student loans at 6%, instead of the Retail Prices Index (RPI) plus 3%, for the 2026/27 academic year.This short-term protective measure will apply from the 1 September 20...
heading: Students: Loans