The reality about uni costs, loans & funds
Ignore paper headlines about pupils university that is leaving ?50,000 of financial obligation. That is mostly a meaningless figure. What truly matters is simply how much you will repay. For a few that’s a lot more, for other individuals it really is free.
This guide is created to bust typical fables about figuratively speaking, funds and finance, like the 20+ key facts every prospective student, parent and grandparent should be aware of.
Recently worried and graduated concerning the interest?
20 student education loans mythbusting recommendations, including.
- Its not necessary the bucks to fund uni
- Repay 9% of every thing attained above ?25,725
- All debt that is remaining cleaned after three decades
- Above-inflation interest will be charged
- Avoid the concealed parental contribution
- Due dates and just how to utilize for funding
- Funds have already been changed by loans
- Student education loans DON’T continue your credit report
- Think about loans such as a ‘graduate share’