Plan 2 is wrong?
Example š Bug https://www.studentloancalculator.co.uk/ has a variable interest rate for Plan 2, but Iām pretty sure itās either 4.3 or 7.3% based on income.
Example š Bug https://www.studentloancalculator.co.uk/ has a variable interest rate for Plan 2, but Iām pretty sure itās either 4.3 or 7.3% based on income.
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Comments1
thedigitaltoolsguy
Aug 11, 2025
Hi dpeppe, thanks for taking the time to share some feedback. Plan 2 does indeed have a variable interest rate:
https://www.gov.uk/government/news/student-loans-interest-rates-and-repayment-threshold-announcement--5
āVariable interest, dependent upon income. RPI (4.3%), where income is Ā£28,470 or less, rising on a sliding scale up to RPI + 3% (7.3%), where income is Ā£51,245 or more.ā
Hope that helps