The facts about uni costs, loans & funds
Ignore paper headlines about pupils university that is leaving ?50,000 of financial obligation. That’s mostly a meaningless figure. What matters is just how much you are going to repay. For a few that’s much more, for other individuals it is free.
This guide is written to bust typical fables about student education loans, grants and finance, like the 20+ key facts every student that is potential parent and grandparent should be aware.
Recently graduated and stressed in regards to the interest?
20 student education loans mythbusting guidelines, including.
- You do not need the bucks to cover uni
- Repay 9% of everything attained above ?25,725
- All staying financial obligation is cleaned after three decades
- Above-inflation interest shall be charged
- Watch out for the concealed contribution that is parental
- Deadlines and exactly how to utilize for funding
- Funds have now been replaced by loans
- Student education loans DON’T continue your credit history
- Think about loans such as a ‘graduate share’
- Warning. Retrospective changes can be made
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