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£16,000 added to graduate debt.

£16,000 added to graduate debt.

According to House of Commons Library analysis, the debt is higher because the government uses the retail price index inflation measure to calculate interest on the loans, rather than the consumer price index.

 

In April, it emerged that graduates will face a 6.3 per cent hike in the rate applied to their loan from this autumn, due to an increase in inflation.

 

Read the whole story.

 

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