Support for University Students: Covid-19 - Commons Urgent Question

Part of the debate – in the House of Lords at 2:04 pm on 8 February 2021.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Chair, Economic Affairs Committee, Chair, Economic Affairs Committee 2:04, 8 February 2021

My Lords, I congratulate the Minister on the additional help that has been given to students at this time but, given that we are still charging students an interest rate of 5.6% on student loans while they are studying, when the Government can borrow money at 0.3%, might this not be a good time to implement the Economic Affairs Committee recommendation that we cut the interest rate on student loans?