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Student Loan Changes Starting Sept | Sheffield News
Published 1 day, 7 hours ago
Description
Student loan changes are coming your way—starting September 1, the RPI inflation rate jumps to 4.1%, impacting interest accrual. Plan One loans cap at 4.1% interest; Plans Two and Three max out at 6%. Plus, Plan One repayment threshold rises to £28,050 from April 6, 2027. Stay tuned: rates can shift yearly based on RPI and bank rates. Know your plan—these tweaks matter more than you think.
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