Student Loans (Debt Interest) Bill

Key Points

• Applies to outstanding student loan debt (existing balances) rather than new lending.
• Proposes a cap or limit on the rate of interest charged on that debt.
• The exact mechanism (e.g., the cap level or how it would be calculated) is not specified in the public description.
• Could include additional provisions described as “connected purposes” related to the student loan system.
• Originates in the House of Commons and is currently at the Second Reading, introduced by Sir Christopher Chope.

Progress

The bill is at the Second Reading in the House of Commons, where MPs discuss the general principles. If it progresses, it would move on to committee scrutiny and further readings.