What the 6% student loan interest cap means for you
For the 2026-27 academic year, student loans in England under Plan 2 and Plan 3 will have their interest rate limited to a maximum of 6%. This maximum interest rate undergoes regular evaluation and is subject to alteration annually, encompassing all existing student loans as well as new ones. Many graduates with Plan 2 loans have struggled to reduce their overall debt, which is often tens of thousands of pounds.
What led to this story?
The app traces any story back through what it assumes you already know — one tap at a time.
Get BriefTea Free · no ads · no paywall