The National Student Accomodation Survey 2020 found that a third of undergraduates are using loans, overdrafts and credit cards to pay rent at university. The survey was conducted from December 2019 to January 2020, and 2,168 students in the UK were polled, with 1,563 of them being undergraduate students. The survey also showed that 60%…
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Non repayment of student loans to become a criminal offence
Graduates who fail to repay their student loans on time could be prosecuted, the universities minister has announced. Jo Johnson has announced that the government will have “zero tolerance” for anyone found to be deliberately avoiding repayments of their student debt. It is also working to improve its information on ex-students now living and working…
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Students to pay back more than previously agreed
Students who have taken out loans since 2012 will now be forced to pay back a higher amount than previously agreed upon, the government has confirmed. The amount of money that the government intends to contribute to the repayment of student loans, known public subsidy estimate, has been lowered to 20-25% from an already decreased…
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Maintenance grants scrapped in summer budget
In today’s Budget it was announced that maintenance grants, aimed at the poorest in society to provide financial assistance while studying at university, are to be scrapped by the government and that the £9,000 cap on tuition fees is set to rise. At 12:30 today the Chancellor of the Exchequer, George Osborne, stood up in…
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Government privatises almost £900m of student debt
Emily Rivers on the government’s move to privatise student debt.
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Business graduates recieve start-up loan
Three UEA graduates are some of the first in the country to receive a lucrative government sponsored start-up loan for young business pioneers.
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Lenders slammed over payday loans
Paydays lenders have come under fire for high interest, hasty loans that are leaving borrowers with large debts.
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Wonga loan campaign criticised by NUS
Michael Drummond reveals National Union of Students’ (NUS) criticism of a loan campaign by Wonga – aimed at cash-strapped students.
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