Good news for those of us (most of us!) ratcheting up student loan debts. From September this year, students will pay no interest on their loans. Woo!
How long that will last, I don’t know, but it’s good news for now.
Okay, some of you might know that the current scheme would have meant an interest rate of minus 0.4% (meaning we’d have money paid off the debt each month for free), but the likelihood of that happening was almost non-existent.
So we’ve got the next best thing. I’m sure most of us will be fine with that. Shame we’ve got such huge loans to pay off, but at least they won’t attract interest for a while.
Small beans, but I’m not going to knock it.