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Look at interest rates to reduce student loan repayments

Last updated 3 months ago

We will look at the interest rates on loan repayments with a view to reducing the burden of debt on students.

Conservative Party Manifesto 2019, p.37

Our verdict

  • This is a promise to review the interest rates of student loans in such a way that the debt burden on higher education students is reduced.
  • In March 2020, the government announced a reduction in the interest rate for student loans taken out prior to 2012, but that was triggered by a decrease in the Bank of England base interest rate and was not part of any review process.
  • With no evidence to date of a systematic review of student loan interest rates, this policy is ‘not started’.

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