The interest rate for student loans in Wales will rise from the current 4.5% to 7.3% this autumn amid accusations that students are being used as "cash cows". Earlier this year the Institute for Fiscal Studies said the interest rate would rise to a massive 12% - but the Welsh Government will follow England and cap the rise at 7.3% for 12 months.
Student loan interest rate cap increased amid accusations graduates are being treated like 'cash cows'
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