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Story summary
- The UK Department for Education announced student loan rates and thresholds effective 1 September 2026.
- RPI baseline is set at 4.1 % for all plans from 1 September 2026 to 31 August 2027.
- Plan 1 loans will charge the lower of 4.1 % RPI or Bank Base Rate + 1 %.
- The Plan 1 repayment threshold will rise to £28,005 from 6 April 2027 to 5 April 2028.
- Plan 2 undergraduate loans will have interest between 4.1 % RPI and RPI + 3 % (7.1 %) but will be capped at 6 %.
