Students: Loans

(asked on 26th April 2018) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, pursuant to the Answer of 26 April 2018 to Question 137156 on Students: Loans, what estimate he has made of the increase in the average level of debt held by students on graduation as a result of the increase in March of the retail prices index to 3.3 percent.


Answered by
Sam Gyimah Portrait
Sam Gyimah
This question was answered on 1st May 2018

The increase in student loan interest rates from 1 September 2018 will only affect a minority of borrowers. They will either pay back the full amount, or almost the full amount, of their student loans. The government expects that around 30% to 35% of post-2012 borrowers with higher education loans and 40% to 45% of borrowers with advanced learner loans will repay their student loans in full.

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