Britain Announces 6% Cap on Student Loan Interest Rates to Tackle Inflation Impact

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Britain said on Tuesday that it will restrict interest rates on millions of student loans at 6% starting in September 2026, citing the possibility of inflation and drastically rising borrowing costs due to the conflict in West Asia. Prime Minister Keir Starmer has stated that he will investigate ways to make the student loan system in England and Wales more equitable in response to complaints

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