student loan

picture of a pink piggy bank with a student hat on

University fees: Why paying tuition and living costs upfront might not be the best financial strategy 

  • Undergraduates starting a three-year degree this Autumn will leave with £45,800 in debt on average
· Interest rate on student loans in England and Wales to be capped at 6.3% this autumn · But paying tuition fees upfront may not be worth it as what you repay depends on how much you earn not what you owe · Any unpaid debt gets wiped after 30 years with only 20% of full-time...
picture of a happy female student

Student loan interest rates capped

Student loan interest rates cut to 7.3% from 12% from September 2022

This is the largest scale reduction of student loan interest rates on record to support graduate borrowers

The government will cap student loan interest rates for current graduate borrowers to protect them from a rise in inflation.

A rise in the rate of RPI due to global economic pressures meant student...

Picture of a male student in a library

Fairer higher education system for students and taxpayers

Government to consult on new plans to drive up quality of university courses and ensure degrees equip students with the skills they need

From: Department for Education , The Rt Hon Michelle Donelan MP , and The Rt Hon Nadhim Zahawi MP

Published 24 February 2022

The higher education system in England will be made fairer for students and taxpayers thanks to major reforms...

picture of a student starting university

Student Loans Company urges students to prepare for payment

SLC is supporting students to get ready for the first student finance payment of the new academic year.

From: Student Loans Company

In the coming weeks the Student Loans Company (SLC) will distribute over £2 billion in Maintenance Loan funding to over 1 million students across the UK – supporting a record number of students to access opportunities in higher and further...

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