'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
Plan 2 students to pay £4,500 more as Government freezes repayment threshold until 2025
Students on Plan 2 repayment schemes will pay back thousands more of their loan, after the Government announced the threshold will remain frozen until 2025.
24 February 2022
Government proposes 'lifelong loans' to help those wanting to study, train or retrain at any age
The Government has today announced plans to introduce a higher education loan scheme to help people study, train or retrain at any point during their lives via flexible courses. The loan, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education. Here's all you need to know.
24 February 2022
Government announces plans to increase Plan 2 and postgraduate student loan repayments by £110 a year from April
The Government has announced a plan to freeze the student loan repayment threshold - the earnings level at which loans begin to be repaid.
28 January 2022
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Ovo launches one-year fixed tariff – but is it worth switching to?24 March 2023Almost every household has been charged the same price for their energy over the last year under the Energy Price Cap (EPC) and the Energy Price Guarantee (EPG), with no cheaper fixed deals to switch to. That has now changed, with Ovo launching a one-year fix for existing customers that undercuts the EPG level of £2,500 a year.
BT customers 'forced into overdrafts' after duplicate payment error - here's what you need to know24 March 2023BT customers have complained that they've been forced into overdrafts after payments were wrongly taken twice this month. The telecommunications giant said it will refund any duplicate payments taken automatically.
Martin Lewis: Four urgent ways you may be due £1,000s in tax back – if you're married, had a PPI payout, wear a work uniform or even just pay tax23 March 2023If you're married or in a civil partnership, have ever had a PPI payout, wear a uniform to work or pay any income tax, you could be due £100s or even £1,000s in tax back – but you'll need to check urgently.
Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings23 March 2023The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
Broadband and mobile users to be hit with price hikes of up to 17.3% in April – here's what you need to know23 March 2023Millions of BT, EE, O2, Plusnet, Shell, Sky, TalkTalk, Three, Virgin Media and Vodafone customers will be hit with price hikes of up to 17% this spring, on the back of a sharp increase in the cost of living.
Martin Lewis: Is it time to ban unnecessary Christmas presents?5 December 2022Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
Martin Lewis: The one thing everyone aged over 66 needs to know29 November 2022It is a national tragedy that getting on for a million pensioners, many of whom have been paying into the system for years, are missing out on a critical boost to their income. It's called pension credit, and this year it also means you get an extra £650 to help with energy bills.
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