UK government announces 6% cap on interest rate for student loans

News Tank Academic - Brussels - News #436908 - Published on
©  D.R.
Jacqui Smith, UK skills minister - ©  D.R.

The UK government has announced it will cap interest rates on student loans at 6% from September. The move is designed to protect students from huge debt burdens as interest rates are based on inflation which is increasing because of the conflict in the Middle East.

Jacqui Smith, the UK skills minister for education, was quoted in UK media on...

©  D.R.
Jacqui Smith, UK skills minister - ©  D.R.

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