# The Education (Student Loans) Regulations 1998, Paragraph 3


The interest rate for the period between 1st September and the following 31st August will be the daily rate which results in an APR equal to the RPI rate. The lender will tell the borrower what the new rate is each year.

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Source: https://www.legislation.gov.uk/uksi/1998/211/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/education-student-loans-regulations-1998/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.