Yn ystod y flwyddyn hyd fis Mawrth 2022, cyrhaeddodd y gyfradd chwyddiant sy’n pennu’r llog a godir ar rai o fenthyciadau myfyrwyr 9%. O fis Medi 2022, byddai’r cyfraddau llog yn codi i 12% am gyfnod cyn iddynt gael eu capio. Rhaid i Lywodraeth Cymru sicrhau nad yw’r cyfraddau yn codi’n uwch na chyfradd y farchnad, ac mae wedi gweithredu deirgwaith dros y 10 mis diwethaf i osod cap ar gyfradd benthyciadau a diogelu myfyrwyr. Er mwyn sicrhau nad yw cyfraddau yn cyrraedd 12%, gosodir cap ar y gyfradd log o fis Medi 2022. Pennir y cap ar y gyfradd log a ragwelir ar gyfer y farchnad ym mlwyddyn academaidd 2022/23, sef 7.3%.
The rate of inflation which determines the interest charged on certain student loans reached 9% in the year to March 2022. Interest rates would rise to up to 12% from September 2022 for a period of time before rates are capped. The Welsh Government must ensure that rates do not exceed the prevailing market rate and has taken action three times in the last 10 months to cap the rate on loans and protect students. In order to ensure that rates do not reach 12%, an interest rate cap will be applied from September 2022. The cap will be set at the forecast rate of market interest for the 2022/23 academic year, which is 7.3%.