Innovation, Universities and Skills written question – answered at on 15 January 2009.
To ask the Secretary of State for Innovation, Universities and Skills what procedures are in place for informing (a) students and (b) recent graduates about the change to student loan interest rates implemented on
The Student Loans Company (SLC) published details on the change to student loan interest rates implemented on
Following the latest reduction in the Bank of England base rate by the Monetary Policy Committee on
The interest rate for loans taken out before 1998 (known as "mortgage style loans") is not affected as these loans are governed by different legislation.
(1)Bank of England; Bank of Scotland; Barclays Bank PLC; Clydesdale Bank PLC; Co-operative Bank PLC; Coutts & Co; HSBC Bank PLC; Lloyds TSB Bank PLC; Natwest Bank PLC; the Royal Bank of Scotland PLC.
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No1 person thinks not
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