questionText: To ask the Secretary of State for Education, what assessment she has made of the potential impact of the student loan repayment system, including interest accrual, on borrowers who take extended periods out of the labour market due to caring responsibilit
answerText: Interest accrues on loan balances until the loan has been repaid in full or cancelled, but interest rates do not impact monthly repayments made by borrowers.Borrowers on Plan 5 student loans only accrue interest at Retail Price Index (RPI) (currently 3.2%...
heading: Students: Loans