{"id":14622,"date":"2016-05-27T23:22:18","date_gmt":"2016-05-27T16:22:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/have-student-loan-interest-rates-really-shot-up\/"},"modified":"2016-05-27T23:29:04","modified_gmt":"2016-05-27T16:29:04","slug":"have-student-loan-interest-rates-really-shot-up","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/have-student-loan-interest-rates-really-shot-up\/","title":{"rendered":"Have student loan interest rates really shot up?"},"content":{"rendered":"


\nA young graduate was in the news this week after posting his student loan statement online showing that he was accruing up to \u00a3180 a month in interest \u2013 or a rate of 6.6% \u2013 when he thought he had signed up to a rate of just 0.5%A Facebook post by a recent graduate suggesting that interest rates on student loans have been hiked went viral this week \u2013 so have rates really gone up?The post, by a graduate called Simon Crowther who finished a degree in civil engineering last year, suggested that he and other students had seen their interest rates hiked after the sale of the Student Loans Company to a private firm. Crowther seems to have struck a nerve with other students when he published his statement, showing he was racking up as much as \u00a3180 a month in interest on a \u00a340,000 loan for tuition fees and maintenance. He said he had expected to pay just 0.5% when he signed up, but rates had been increased when the company was sold off. But Crowther is mistaken \u2013 the interest rates on the loans had been set before he and his contemporaries started university in 2012. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Have student loan interest rates really shot up?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A young graduate was in the news this week after posting his student loan statement...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14622","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3NQ","jetpack-related-posts":[{"id":14688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/","url_meta":{"origin":14622,"position":0},"title":"Student loans: the next big mis-selling scandal?","date":"May 28, 2016","format":false,"excerpt":"\r A change to loan conditions, made after it\u2019s taken out? A mortgage company can\u2019t legally do that to borrowers, but it seems the government canMany graduates have been shocked this week to see just how their debt is escalating, with interest charged at up to 3.9%. That\u2019s more than\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loan-interest-rate-set-to-rise-by-a-third-after-uk-inflation-surge\/","url_meta":{"origin":14622,"position":1},"title":"Student loan interest rate set to rise by a third after UK inflation surge","date":"April 12, 2017","format":false,"excerpt":"\r Increase in inflation, driven by pound\u2019s Brexit slide, means students will pay more as others benefit from low borrowing ratesStudents appear to be paying a heavy price for the UK\u2019s inflation surge after the Brexit vote, which will drive the interest rate on their loans up by a third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61138,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/russell-group-urges-rethink-on-student-loan-interest-rate\/","url_meta":{"origin":14622,"position":2},"title":"Russell Group urges rethink on student loan interest rate","date":"July 19, 2017","format":false,"excerpt":"\r Body representing UK\u2019s elite universities says new 6.1% rate is \u2018very high\u2019 and out of touch with commercial lendingThe Russell Group, which represents the UK\u2019s 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-quadrupled-my-interest-rate-just-for-taking-a-short-trip\/","url_meta":{"origin":14622,"position":3},"title":"Student Loans Company quadrupled my interest rate \u2013 just for taking a short trip","date":"July 22, 2017","format":false,"excerpt":"\r Oxford graduate Jenny Richards is among thousands being punished with additional rate riseGraduates who fall foul of the Student Loans Company face paying back thousands of pounds more after it emerged the firm has the right to penalise students with extra interest for simply taking a three-month trip.Guardian Money\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-really-were-mis-sold\/","url_meta":{"origin":14622,"position":4},"title":"Student loans \u2018really were\u2019 mis-sold","date":"June 4, 2016","format":false,"excerpt":"\r Originally I supported the \u00a39,000 tuition fee regime. But now, after my own daughter has gone through the system, I realise that the interest rates charged are scandalousI have three children, all of whom went through university under different student loan regimes; the last one started university in 2012,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/graduate-anger-mounts-over-nightmare-student-loans-company\/","url_meta":{"origin":14622,"position":5},"title":"Graduate anger mounts over \u2018nightmare\u2019 Student Loans Company","date":"July 29, 2017","format":false,"excerpt":"\r Our story last week about the SLC quadrupling someone\u2019s interest rate sparked a new wave of complaintsWhen Gary Ashworth moved to Botswana in 2013 to try to start a design business, he immediately told the Student Loans Company that he would be out of the UK. Despite updating the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14622"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14622"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14622\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}