Student Loan Interest Rates - Question

Part of the debate – in the House of Lords am 11:38 am ar 27 Mawrth 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Baroness Barran Baroness Barran The Parliamentary Under-Secretary of State for Education, Lords Spokesperson (Equalities) 11:38, 27 Mawrth 2024

My Lords, our recent reforms, implemented in August 2023, ensure that the student loan system is fairer for taxpayers and for students. New students on the new loan terms will benefit from a reduction in interest rates to the retail prices index only. This ensures that they will not repay, under those terms, more than they originally borrowed when adjusted for inflation.