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Month: May 2018

Pre-2012 and Post-2012 Student Loans: What A Difference The Interest Rate Makes


Graph showing difference between pre-2012 and post-2012 student loans

 

Whilst pre-2012 students are paying a flat interest rate of 1.5%, post-2012 students are paying a minimum of 3.1% and as much as 6.1%, dependent on salary. The table below shows what rate of interest a post-2012 (plan 2) graduate will pay based on his/her salary:


Table showing plan 2 salary dependent student loan  interest rates
Posted on May 21, 2018
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