Sep
01
Student Loan Interest Rate Has Dropped
Source: Student Loans Company
From today (1st September 2008) the Student Loans Company has decreased the interest rate on student loans from 4.8% to 3.8%. This rate will last until the 31st of August 2009, when it will be adjusted in line with the Retail Price Index (RPI). The new rate of 3.8% is well below the highest interest rate, which was a staggering 9.8% in 1990/91.
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