Translate the text from Welsh to English.



 
Mi wnes i ddatganiad ar 5 Medi 2022 i gadarnhau’r bwriad i osod cap o 6\.3% ar y gyfradd log a godir ar rai o fenthyciadau myfyrwyr Cymru o fis Medi 2022, a hynny am gyfnod o dri mis.  Cyhoeddwyd y cap hwn hefyd gan Lywodraeth y DU ar gyfer myfyrwyr Lloegr.


Gallaf nawr gyhoeddi y caiff y gyfradd log ei chapio o 1 Rhagfyr 2022 am dri mis arall. Y gyfradd ar gyfer y tri mis hyn fydd 6\.5%.


Mae’r gyfradd chwyddiant, sy’n pennu’r llog a godir ar rai o fenthyciadau myfyrwyr wedi codi’n sylweddol. Heb gap mis Medi, byddai’r cyfraddau llog ar y benthyciadau hyn wedi codi i hyd at 12%. Rhaid i Lywodraeth Cymru sicrhau nad yw’r cyfraddau yn codi’n uwch na chyfradd y farchnad, a gweithredodd deirgwaith yn ystod 2021 i osod cap ar gyfradd benthyciadau a diogelu myfyrwyr.


Gan fod cyfraddau’r farchnad yn dal i fod yn uchel, rhwng 1 Rhagfyr 2022 a 28 Chwefror 2023 gosodir cap o 6\.5% ar gyfradd y benthyciadau a drefnwyd gan israddedigion ers 2012, a chan fyfyrwyr ôl\-radd. Mae’n bosibl y gosodir capiau pellach ar gyfraddau os bydd cyfradd y farchnad yn parhau i fod yn is na chyfraddau llog benthyciadau myfyrwyr wedi’r dyddiad hwnnw.


Nid yw newidiadau i gyfraddau llog yn effeithio ar ad\-daliadau misol benthyciadau myfyrwyr, gan mai cyfran sefydlog o incwm y myfyriwr yw’r swm a delir. Mae ad\-daliadau benthyciadau yn ddibynnol ar lefel yr incwm. Dim ond os yw myfyrwyr yn ennill dros drothwy arbennig y maent yn gorfod ad\-dalu eu benthyciad, a chaiff unrhyw ddyled sy’n dal heb ei thalu ar ôl tri deg mlynedd ei chlirio.


Ni ddylai costau byw fod yn rhwystr i astudio mewn prifysgol, a dyna pam mae Llywodraeth Cymru yn darparu’r grantiau costau byw mwyaf hael yn y DU. Ar gyfartaledd, mae llai gan fyfyrwyr Cymru i’w ad\-dalu na’u cyfoedion yn Lloegr. Mae Llywodraeth Cymru hefyd yn talu hyd at £1,500 o ddyled pob unigolyn sy’n mynd ati i ddechrau ei had\-dalu, cynllun sy’n unigryw o fewn y DU.







Translation:


 
I made a statement on 5 September 2022 to confirm the intention to cap the interest rate charged to Welsh students on certain loans from September 2022 at 6\.3% for a period of three months. This cap was also announced by the UK Government for English students.


I can now announce that the interest rate will be capped from 1 December 2022 for a further three months. The rate for these three months will be 6\.5%.


The rate of inflation, which determines the interest charged on certain student loans, has risen significantly. Interest rates on these loans would have risen to up to 12% without the September cap. The Welsh Government must ensure that rates do not exceed the prevailing market rate and took action three times in 2021 to cap the rate on loans and protect students.


As prevailing market rates remain high, the rate on loans taken out by undergraduate students since 2012, and by postgraduate students, will be capped at 6\.5% between 1 December 2022 and 28 February 2023\. Further rate caps may be applied if the prevailing market rate continues to be below student loan interest rates after that date.


Changes to interest rates do not affect monthly student loan repayments, which are charged as a fixed proportion of income. Loan repayments are income contingent. Students repay their loan only if they earn above a threshold, and remaining debts are written off after thirty years.


Living costs should never be a barrier to studying at university, which is why the Welsh Government provides the most generous living costs grants in the UK. Welsh students have less to repay on average than their English peers. The Welsh Government also provides a debt write\-off of up to £1,500 for each borrower entering repayment, a scheme unique in the UK.