01223 810100

Student loan finance

May 18, 2011

If you have teenage children you may worry how you will support your offspring through university after September 2012, when the increased tuition fees for English Universities come into effect. The Department for Business Innovation and Skills (BIS) website explains how students will be able to access loans, and how graduates will have to pay the money back. The new student loans will carry interest at 3% above the RPI, which amounts to about 8% interest at today’s rates. We can help you understand the amounts that will be repayable by the graduate over the first 30 years of their working life.

Student finance page on BIS website

http://www.bis.gov.uk/policies/higher-education/students/student-finance