Top student loan interest rate cut by 5% in England The government says the 7.3% cap offers "peace of mind for graduates" as the cost of living grows.
Government to cap interest on student loans to guard against inflation
The move will not affect monthly repayments, which are based on income, but means borrowers will owe less than they would have done in the long term.
Student loan interest rate to be capped at 7.3% in autumn, says DfE
Ministers intervene to stop interest rate in England and Wales reaching 12% with inflation by September