Replace RPI with CPI in the calculation of interest added to student loans
National
ยท71 contributorsIn 2011 all public sector pension annual calculations changed from using RPI to CPI to calculate public service pension annual increases. We believe if the Government uses CPI for public service pensions, it should consistently use it and apply it to student loans.
Bridget Phillipson
Education Secretary
Slow debt growth
Student loan debt burdens low income children
Backdated RPI to CPI switch
Reduce student debt burdens
Replace RPI with CPI in the calculation of interest added to student loans
National
In 2011 all public sector pension annual calculations changed from using RPI to CPI to calculate public service pension annual increases. We believe if the Government uses CPI for public service pensions, it should consistently use it and apply it to student loans.
Slow debt growth
Student loan debt burdens low income children
Backdated RPI to CPI switch
Reduce student debt burdens