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A new regime of penalty interest rates for defaults on student loans kicks in on April 1 next year which will double the overall interest rate for debtors, according to calculations carried out by Politiken.
“This will clearly make it more expensive for those who have not met their repayment obligations. If they haven’t paid on time because they don’t have any money, this certainly won’t make it easier,” says Private Finance Specialist Kim Valentin of Finanshuset in Fredensborg.
