Tuesday 07 Apr 2026 @ 15:15
Welsh Government
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Welsh Government working to protect student loan borrowers

The Welsh Government has agreed in principle to the UK Government’s proposal to cap interest rates on Plan 2 and Plan 3 student loans at 6% from September 2026, for the 2026 to 2027 academic year.

Any formal decision to proceed in Wales, including Regulations, is a matter for the next Welsh Government and subject to Senedd approval.

Vikki Howells, Minister for Further and Higher Education, said: 

I am pleased to support the proposed cap on student loan interest rates because of the protection it will offer for student loan borrowers in Wales. A final decision on applying the interest rate cap for Welsh borrowers will need to be taken by the next Welsh Government, following the Senedd election.

Channel website: http://gov.wales

Original article link: https://www.gov.wales/welsh-government-working-protect-student-loan-borrowers

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