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View Full Version : Change To Pre-2012 Income Contingent (ICR) Student Loans Interest Rate



NewsBot
22-Apr-23, 12:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

Change To Pre-2012 Income Contingent (ICR) Student Loans Interest Rate




The Department for Education (DfE) has announced a change to the pre-2012 income contingent (ICR) student loans interest rate. Pre-2012 income contingent (ICR) student loans ("Plan 1 loans") have an interest rate of either RPI (from the March prior to the September when the new interest rates are implemented) or the Bank Base Rate + 1%, whichever is the lower (this is known as the “low interest cap”). [Read Full Article (https://caithness-business.co.uk/article/19963)]