Student loans: 'Why's the interest rate so high?'

From this month the interest rate that students in England pay on their loans has gone up from 4.6% to 6.1% - 24 times the Bank of England base rate.

Second year undergraduate Nyasha says she is unhappy. Speaking to BBC 5 live she says that student loans are “meant to be the best kind of debt, so why has it got the highest interest rate?”

The Department for Education says “borrowers will only pay back what they can afford so no-one will see monthly repayments rise” and “only the highest earners will pay the top rate of interest.”

In Scotland the student interest rate remains 1.25%.

This clip is originally from 5 live, September 1 2017.