Commenting on the Department for Education's decision to cap student loan interest rates at 7.3%, NUS UK President Larissa Kennedy said:
“These interest rate figures are still cruelly high.
“While some graduates might breathe a sigh of relief that the interest rate is no longer in double figures, Ministers should be prioritising providing urgent cost of living support here and now.
“We’re hearing from students who can’t even afford to continue getting the bus to therapy sessions. The Government should introduce rent protections, offer basic levels of maintenance support, and announce a cost of living payment for all students.
“Students aren’t cash cows, and we can’t keep taking the brunt of the Government’s regressive agenda that is leaving millions exposed to hardship”.
