Student loan scheme - interest rates for 2005–06

The total student loan scheme interest rate for the 2005–06 tax year will remain at 7.0%.

The total interest rate has two components - the base interest rate and the interest adjustment rate. These are 5.5% and 1.5% respectively for the 2004-05 tax year. From 1 April 2005 the base interest rate will decrease to 4.2% and the interest adjustment rate will increase to 2.8%.

Student Loan Scheme (Interest Rates) Regulations 2005