questionText: To ask the Secretary of State for Education, what assessment her Department has made of the potential impact of Plan 2 student loan interest rates on graduates’ outstanding loan balances over time; and whether these rates will be reviewed as part of futur
answerText: Plan 2 loans were designed and implemented by previous governments.Interest rates are applied at the Retail Price Index (RPI) only, then variable up to an upper limit of RPI +3% depending on earnings.This maintains the real value of repayments over a long...
heading: Students: Loans