UK Department for Education Announces Updates to Student Loan Interest Rates and Repayment Thresholds

The UK Department for Education has confirmed annual updates to interest rates for undergraduate and postgraduate Income Contingent Student Loans, repayment thresholds for Plan 1 Income Contingent Student Loans, and the interest rates and deferment threshold for Mortgage Style Student Loans. Notably, the interest rate for Plan 3 postgraduate loans will be capped at 6% between September 1, 2026, and August 31, 2027.