UK caps student loan interest rates at six per cent
The UK Department for Education caps student loan interest rates at 6% for Plan 2 and 3 loans for the 2026-27 academic year. Learn about new repayment thre Read More: https://punchng.com/uk-caps-student-loan-interest-rates-at-six-per-cent/
The UK Department for Education has announced new interest rates and repayment thresholds for student loans for the 2026-27 academic year, including a 6 per cent cap on interest rates for Plan 2 and Plan 3 loans. The Student Loans Company made the announcement on Monday, August 10, 2026, confirming that the new rates will apply from September 1, 2026, to August 31, 2027.
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