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.

Scottish students are to receive a £2,400 boost to help with their living costs from this September in the form of a new "special support" loan. This will be available on top of a standard maintenance loan and grant. 

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.

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.