MoneySavingExpert News

Student Finance

Parents in England expected to contribute up to £15,000 a year towards children's university living costs, new report finds

Parents and carers in England have to contribute up to £15,127 a year in order for their children to have a minimum acceptable standard of living at university, according to a major new report.

9 May 2024

Martin Lewis' warning to former students as MSE reveals over one million people WRONGLY overpaid their student loans last year

Over a million people wrongly overpaid their student loans last year, according to a new MSE investigation.

10 October 2023

Martin Lewis: Student loan costs will double for many in England from September 2023

MoneySavingExpert.com founder Martin Lewis explains what's happening to student finance in England in his latest 'Wallet Wednesday' slot on ITV's Good Morning Britain.

9 May 2023

'Lifelong loans' to launch in 2025 to help those in England wanting to study, train or retrain later in life

People in England aged up to 60 who want to study, train or retrain will be able to access flexible student finance to help them do so from 2025, the Government has confirmed today.

7 March 2023

Martin Lewis: Ouch – how much should parents give or save for their children's university costs?

If you're a parent thinking about how you might be able to help your child with their university costs, MoneySavingExpert.com's founder Martin Lewis has an important warning for you, which he shared in the latest episode of ITV's The Martin Lewis Money Show Live.

1 February 2023

Martin Lewis: Students in England ‘dealt a blow’ as Government plans to increase maintenance loans by just 2.8% - what you need to know

Struggling students have been “dealt a blow” as loans to help with living costs will fall far short of rising inflation, based on Government plans. From September, English students will see a real term cut to maintenance loans of 8p in the £1 - a shortfall students or parents will have to make up for themselves.

20 January 2023

A-level results warning: putting off uni until next year could cost £10,000s more

School leavers getting their A-Level results this week should be aware that deferring for a year means they'll be on the new student finance system coming in England in September 2023, and will repay their loan for a much longer period, potentially costing £10,000s more.

16 August 2022

Student loan interest rates could rise to 12% for some this September

Student loan interest rates are set to rise for many from September – though the changes are yet to be finalised by the Government.

13 April 2022

Student finance applications for 2022/23 are now open – here’s how to apply

The process can take up to eight weeks and for some the deadline is later this month, so make sure you submit your application as soon as possible.

1 March 2022

Martin Lewis: 'This is a big increase to the cost of uni' – Government makes sweeping reforms to the student loan system in England

Changes include lowering the repayment threshold to £25,000 a year and increasing the length of time over which graduates repay their loans by 10 years.

24 February 2022