UK to cap interest on student loans after fears of 12% hike

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UK to cap interest on student loans after fears of 12% hike
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There were fears the interest rate rise would put off teens from going to university

The move will not affect monthly repayments, which are based on income It said it will mean, for example, someone with a balance of £45,000 would reduce their accumulating interest on the total value of the loan by around £180 per month, compared to 12% interest rates.

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Evening Standard /  🏆 102. in UK

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