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