BGN Entrepreneur

The Student Loan Company resets its rates every year on 1 September. This year, as a result of this, about 390000 graduates who have taken out outstanding student loans before 1998 will see their debts gradually reduce without requirement to make repayments.
As The Student Loan Company resets its rates to minus 0.4%, the interest rates on student loans will turn negative tomorrow. It means that the loans will effectively start to repay themselves. However, the impact the negative loan rate boost will only be felt by the pre-1998 student, as loans from before this period are only linked to the Retail Price Index.

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