> I can't remember exactly what my interest rate was but I know it was fixed BELOW the central bank rate at the time
The current calculation for the interest rate on UK student loans is (RPI + X)% (where X varies from 0 for people earning less than £21k, to 3 for people earning £41k pa or more).
There have been some moans about the interest rate; firstly because RPI is consistently higher than CPI, and secondly because both are consistently higher than the BoE's base rate. Still, it's a darn sight better than the other side of the pond.
The current calculation for the interest rate on UK student loans is (RPI + X)% (where X varies from 0 for people earning less than £21k, to 3 for people earning £41k pa or more).
There have been some moans about the interest rate; firstly because RPI is consistently higher than CPI, and secondly because both are consistently higher than the BoE's base rate. Still, it's a darn sight better than the other side of the pond.