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Student Loan Interest Rates Update | Sheffield News

Student Loan Interest Rates Update | Sheffield News

Published 6 hours ago
Description

Student loans just got a major update: interest rates for Plans One, Two, Three, and Five are locked at 4.1% through August 31, 2027 — tied to RPI with caps. Plan One’s income threshold rises to $28,050 in April 2027. Plan Two’s rate can climb but won’t exceed 6%. Plans Three and Five stay at 4.1%, capped at 6%. Mortgage-style loans also hit 4.1%, with a deferment threshold of $44,311. For mortgage-style specifics, contact your loan administrator.

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