MoneySavingExpert News
Student Loans
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 published today. It follows a long-running campaign by MoneySavingExpert.com urging the Government to increase university living loan amounts and to make the hidden parental contribution more transparent.
9 May 2024
English student living loans will rise by 2.5% from September, the Government has announced. But with inflation currently at 4%, it means students will see ANOTHER real-terms cut in the amount they get to help them with living costs. MoneySavingExpert.com (MSE) founder Martin Lewis has warned that this is one of the biggest practical problems for students, with some not having enough money to live on.
5 February 2024
All former students with student loans should check if they can reclaim £100 or even £1,000s, MoneySavingExpert.com (MSE) founder Martin Lewis has urged. It comes after an MSE investigation found that over a million people wrongly overpaid their loans last year. Here's what you need to know and how to reclaim.
10 October 2023
"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.
28 July 2023
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. The new higher education loan scheme, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education. Here's what we know so far.
7 March 2023
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. Watch the clip below or read on to see what Martin said.
1 February 2023
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
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