Ministers under fire as student loan interest hits 6.3%

Use of RPI figure condemned as students in England, Wales and Northern Ireland face riseMinisters are facing renewed criticism over university funding after an increase in student loan borrowing costs using a “flawed” measure of inflation. The interest rate on loans for students in England, Wales and Northern Ireland will rise by up to 6.3% from September, up from the current 6.1% for anyone who started studying after 2012.The change is a consequence of the increase in the retail pri