STUDENT LOAN INTEREST RATE

Early day motion 356, tabled 10 October 2017 by Stephen Lloyd (Liberal Democrat). Signed by 21 members.

That this House deplores the recent rise in the interest rate for many student loan holders to 6.1 per cent when the current Bank of England base rate is 0.25 per cent; is concerned by the potential financial impact this will have on account holders and their families; and calls on the Government to set the interest rate no higher than the current RPI.

Signatures by party: Labour 9, Scottish National Party 5, Liberal Democrat 4, DUP 1, Independent 1, Labour/Co-operative 1.