Property News · July 19, 2017

Russell Group urges rethink on student loan interest rate


Body representing UK’s elite universities says new 6.1% rate is ‘very high’ and out of touch with commercial lendingThe Russell Group, which represents the UK’s most prestigious universities, has joined calls to make funding fairer for students, urging the government to look again at the 6.1% interest rate on loans due to come into force this September.Dr Tim Bradshaw, the Russell Group’s acting director, described the rate as “very high” and “out of touch” with commercial lending rates. “A reassessment here now seems highly appropriate as inflation starts to return,” he said. Continue reading…

Source : theguardian.com
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