New legislation - 2007: Orders in Council (2007)
Student loan scheme - interest rates for 2007-08
2007/45
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
Date published: 11 Oct 2006
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