Interest Rates On Student Loans 2024 Uk

Interest Rates On Student Loans 2024 Uk. After students have finished studying, those on plan 2 loans will pay an interest rate that varies on their income. The reforms, announced on 24 february, will also see the student loan interest rate cut to the retail prices index (rpi) rate of inflation for students starting courses from 2023/24, while tuition fees will be frozen at £9,250 for another two years.

Tuition fees are capped at £9,250 a year (£9,000 in wales) until the 2025/26 academic year and most places charge the maximum. Yet you don’t need the cash to pay upfront.