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 assessment she has made of the impact of the cap on incentives for graduates to pursue higher education.
answerText: The government has taken decisive action to cap the 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 removes...
heading: Students: Loans