For many about to take the next step from A-Levels to university, concern over how much their education could cost is a burden.
This comes as the cost of living crisis has caused the interest rates for student loans to rise by three percentage points. This does not necessarily mean that all students will pay more, as the debt is written off after 30 years - soon to rise to 40 years.
So only the higher earners after leaving university are likely to be the ones that get stung by the interest rates increase.
The Department for Education (DfE) says graduates and current students will save hundreds of pounds each year by the cap being lowered. Read more: Heartbroken mum tells court about horrific abuse daughter suffered at hands of 'evil' partner in the days before she died of drug overdose The Government has stepped in and capped interest rates at 6.3%.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.