Issued
2007

Student loan scheme - interest rates for 2007-08

The student loan scheme interest rates for the 2007-08 tax year - base interest rate, interest adjustment rate and total interest rate.

The student loan scheme interest rates for the 2007-08 tax year have been set as follows:

Base interest rate 4.1 percent
Interest adjustment rate 2.7 percent
Total interest rate 6.8 percent

These rates were set by the formula adopted last year. Details of the formula can be found in Tax Information Bulletin: Vol 18, No 3 (April 2006)

Student Loan Scheme (Interest Rates) Regulations 2007