Financial expert weighs in on student loan debt and how to manage it
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19.8K viewsSep 20, 2017
Global NewsMaham Abedi
are student loan interest rates the real issue? 🎓 a lot of the recent anger around plan 2 student loans has focused on interest – especially as graduates check their balances and see them growing, even while repaying thousands of pounds a year. that interest is charged at RPI plus up to 3%, with higher earners charged more. In theory, that’s meant to make the system more progressive – but in reality, it hasn't been working that way. there are real problems with how interest works on plan 2, and
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