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Architect Calls for Student Loan Rate Overhaul Amid Protests

2/15/2026

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Summary

Story summary

Nick Hillman, an architect of the UK student loan system, advocates lowering interest rates via CPI.
He says the current RPI-based interest is outdated and should switch to CPI.
The government is reportedly discussing reforms, including freezing the repayment threshold at £29,385 for three years.
Chancellor Rachel Reeves defended the system as fair and reasonable.
Graduates protested outside Parliament, likening the government to loan sharks.

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Story summary

Nick Hillman, an architect of the UK student loan system, advocates lowering interest rates via CPI.
He says the current RPI-based interest is outdated and should switch to CPI.
The government is reportedly discussing reforms, including freezing the repayment threshold at £29,385 for three years.
Chancellor Rachel Reeves defended the system as fair and reasonable.
Graduates protested outside Parliament, likening the government to loan sharks.