Raise interest rates on old student loans, secret report proposes.

[dipsydoodle]

2. I can only assume

it relates in some way to the terms and conditions of the original contract for the loan. I don't see how those could be changed retrospectively and I would assume the expression " the RPI measure of inflation or banks' base rate plus 1%, whichever is lower" was actually written in somewhere albeit there seems to a side letter stating "that governments reserve the right to change the terms of the loans and that is a text that has always been there for students". Side letters to the best of my knowledge never have any bearing on the terms of contacts. I've no doubt this will be fought in court.

It would seem the Rothchilds have merely been consulted as to the likely outcome of such a sale. I don't undertstand the signific ance of 1998 unless that's when these loans first came into being.