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 analysis her Department has undertaken of the effect of the cap on long-term student loan repayment burdens for graduates.
answerText: The government is capping the maximum interest rates on Plan 2 and Plan 3 student loans at 6%, instead of the Retail Prices Index (RPI) plus 3%, for the 2026/27 academic year. This short term measure will protect students and graduates from the potential ...
heading: Students: Loans