Thread: Student Loan
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Old 26th June 2008, 07:01 PM
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Re: Student Loan
Originally Posted by Stu Monty View Post
In 05, 06 & 07 the interest rates were 2.6%, 3.2% and 2.4%; what's with the jump up to 4.8%?
They were a little bit cheeky actually - this year, they started to use the Retail Price Index inflation rate instead of the Consumer Price Index. That's why the interest rate has soared.

I really feel for today's students - not only do they face tuition fees, but they'll soon have to take out an ID card to get a loan.

I deferred my loan again this year; 9 years since graduation but still not earning more than the threshold where I am obliged to start paying it back yet.
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