United Kingdom · Question · Written question
UIN 153740
Students: Loans
Introduced
14 April 2022
Last action
25 April 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
25 April 2022
Summary
To ask the Secretary of State for Education, what recent assessment he has made of the adequacy of the mechanism for determining student loan interest in light of the projected volatility of inflation rates.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
14 April 2022
Written question
To ask the Secretary of State for Education, what recent assessment he has made of the adequacy of the mechanism for determining student loan interest in light of the projected volatility of inflation rates.
Source: Commons
25 April 2022
Answer
The mechanism for setting student loan interest rates is set out in legislation. The interest rate for Plan 2 and Plan 3 loans are set annually with reference to the Retail Price Index (RPI) from the previous March. The rates take effect from 1 September....
Source: Written answer
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Sponsors
- · Department for Education · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-04-14/153740
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1458092
- uk · wq-1458092 · source updated 25 April 2022