Commons2nd reading

Student Loans (Debt Interest) Bill

A Bill to limit the rate of interest chargeable on outstanding student loan debt; and for connected purposes.

Originating House

House of Commons

Sponsor

Sir Christopher ChopeConservative

Parliament last updated

5 May 2021

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

This bill would cap the rate of interest that can be charged on outstanding student loan debt, so the debt doesn’t grow too quickly while it is being repaid. It includes related provisions to support this cap. The bill is currently at the second reading in the House of Commons and was introduced by Sir Christopher Chope.

Key Points

Caps the interest rate on outstanding student loan debt.
Designed to slow the growth of debt caused by interest during repayment.
Applies to existing balances and ongoing repayments.
Introduced in the House of Commons by Sir Christopher Chope (Conservative).
Currently at the 2nd Reading in the Commons (first Reading was 10 February 2020).

Progress

The bill is at the 2nd Reading in the House of Commons. If it progresses, it would move to committee scrutiny for detailed examination.

Who is affected?

Current student loan borrowersFormer borrowers with outstanding balancesProspective students considering taking out loans

Generated 21 February 2026

Bill Stages

1st readingCommons

10 Feb 2020

2nd readingCommons

Committee stageCommons

Report stageCommons

3rd readingCommons

1st readingLords

2nd readingLords

Committee stageLords

Report stageLords

3rd readingLords

Royal Assent

Updates & Documents

News (1)

News - Student Loans (Debt Interest)

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.

Student Loans (Debt Interest) Bill | TrackPolitics