Student Loand repayment API
Calculation
Historical rates
Rates are based on studentloanrepayment.co.uk
| Historical interest rates | % | period (days) |
|---|---|---|
| 2014/15 | 1.5 | |
| 2013/14 | 1.5 | |
| 2012/13 | 1.5 | |
| 2011/12 | 1.5 | |
| 2010/11 | 1.5 | |
| 2009/10 | 0.0 | |
| 6 March 2009 - 31 August 2009 | 1.5 | 179 |
| 6 February 2009 - 5 March 2009 | 2.0 | 28 |
| 9 January 2009 - 5 February 2009 | 2.5 | 28 |
| 5 December 2008 - 8 January 2009 | 3.0 | 30 |
| 1 September 2008 - 4 December 2008 | 3.8 | 95 |
| 2007/08 | 4.8 | |
| 2006/07 | 2.4 | |
| 2005/06 | 3.2 | |
| 2004/05 | 2.6 | |
| 2003/04 | 3.1 | |
| 2002/03 | 1.3 | |
| 2001/02 | 2.3 | |
| 2000/01 | 2.6 | |
| 1999/00 | 2.1 | |
| 1998/99 | 3.5 |
2008-2009 interest rates
As it the interest rates varied in 2008-2009 they are calculated based on following formula:
-
l- loan -
i1- interest rate 1 -
i1l- interest 1 rate length -
1pi = (l * i1 / 365 * i1l)- 1st period interest -
totoalInterest = 1pi + 2pi + 3pi + npi
Tests
Run gulp test:auto to execute test continiously.
Run gulp test to execute test once.