Student Loans Company

"Incorrect and likely misleading" information about maintenance loans in England on Gov.uk could lead to a material number of students not getting the full amount they're entitled to. That's why MoneySavingExpert.com founder Martin Lewis has written to the chief executive of the Student Loans Company – the body responsible for the relevant pages – urging it to fix the errors. 

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 being introduced in England in September 2023, and will repay their loan for a much longer period, potentially costing £10,000s more.

Students in England can now sign up to the Student Finance England mailing list and get an email when applications for the 2022/23 academic year open. The invitation to sign up comes with just weeks to go before the UCAS application deadline for undergraduate courses on 26 January 2022.

Student loan interest rates will drop for many from September, the Department for Education has confirmed. Plus, from April 2022, Scottish former students and some others with older loans will also be able to earn more before they have to start repaying.

A new online student loan repayment service will launch in 2020 to give graduates more up-to-date information about their loans, largely replacing paper statements.

MoneySavingExpert.com, together with the Russell Group of universities, is calling on the Government to scrap the current student loan statement, after 90% of respondents to our poll question said our redesigned version of the statement helped them understand the student loans system. 

Student loan repayment thresholds will rise by hundreds of pounds next April, but many students and former students from England and Wales will see interest rates increase to 6.3% in September – here's why you shouldn't panic.

The interest rate charged on post-2012 student loans should be reduced to 1.5%, a parliamentary committee has said.

Student loan interest rates, already a source of much anger and a Government review, are set to rise again in September. Current students from England and Wales will almost certainly see the rate rise from 6.1% to 6.3% - and many former students with outstanding loans will see their rates rise too.

Prime Minister Theresa May has pledged to make student finance "fairer" and launched a major review of university funding this afternoon.