Image: Chris McAndrew [CC BY 3.0], via Wikimedia Commons
Ministers to cap future loan interest rates at 6.3 per cent
The maximum rate of interest that will be charged on student loans in England in future is to be further reduced, the Department for Education has announced.
In a statement today, the DfE said it will cap the maximum rate of interest on student loans at 6.3 per cent from September, in line with the market rate for unsecured personal loans.
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