MoneySavingExpert News

Loans

Student loan interest rates to drop for many next month and repayment thresholds to rise for some from April – what you need to know

Student loan interest rates will drop for many from September, the Department for Education has confirmed.

13 August 2021

Martin Lewis tells ministers it's time to stop hiding the student living loan parental contribution - parents should be told they may be expected to pay £1,000s

While tuition fees get all the column inches, the biggest practical problem most students face is hidden. The living loan and/ or grant students receive is slashed based on parental income but there's no warning this gap needs filling. Today, MoneySavingExpert founder Martin Lewis has written to ministers to urge them to stop hiding the university parental contributions built into the student finance system.

12 June 2021

Student loan interest rates set to drop in September – what you need to know

Student loan interest rates are set to drop for many students from September.

23 April 2021

FCA raises concerns over Amigo’s proposed redress scheme but 'won’t take action to block it'

The financial watchdog does not support a redress scheme proposed by the guarantor loans sector's largest lender, Amigo Loans, it's been revealed. But the Financial Conduct Authority doesn't plan to take action to stop the scheme if it's agreed on by borrowers and sanctioned by the High Court

25 March 2021

Student loan repayments to drop for many Scots by £500/yr from April

Many Scots with student loans will see repayments drop sharply next month, as the income threshold at which student loans begin to be repaid will rise from £19,390 to £25,000. The change may mean you pay less in the long run too, as many with student loans won't finish paying them off before they're automatically wiped after 30 years, though others could accrue more interest - we've full analysis below

18 March 2021

Millions could be due £750 payout as landmark legal claim filed against Experian - what you need to know

A landmark legal claim launched against credit reference agency Experian could see 49.8 million adults in England and Wales in line for compensation worth £750 each if successful - although there are no guarantees. Here's what you need to know

1 March 2021

Ratesetter to close all investor accounts and move borrowers’ loans to Metro Bank

All 45,000 existing investor accounts will be closed on 2 April. Here's what the change means for investors and borrowers alike.

3 February 2021

Student tuition fees in England set to be frozen for another year

Student tuition fees in England are set to be frozen for another year under new plans put forward by the Government today

21 January 2021

Martin Lewis' 'how to slash all debt costs' January masterclass

Can't afford to clear your debt? You can't afford not to try to move it to 0%, MoneySavingExpert.com founder Martin Lewis writes. You could save £1,000s on credit cards, mortgages, overdrafts, loans, store cards, buy-no-pay-later (BNPL) and more - here's how

21 January 2021

Revealed: 100,000+ overpaid student loans last year because they were on the WRONG payment plan – how to reclaim

More than 100,000 people overpaid student loans in the last year alone as they were recorded as being on the wrong loan plan – and many can reclaim £100s or even £1,000s

15 December 2020