Boards
student loans
so they base the interest rate on student loans on the march rpi figure. a couple of years ago there was a freak march and the figure was 4.8%, hence the interest rate doubled from 2.4% one year to 4.8% the next.
it was revealed this morning that the rpi figure for march was -0.4%
how will the government wince out of paying 0.4% interest on student loan balances for a year?