Millions of student loan holders will no longer pay zero interest from next month as the rate for the new academic year will start at 1.5%, it was announced today.
The Student Loans Company (SLC) has vowed to ensure all university goers who applied for finance on time will have their loans and grants available by the start of the academic year.
MoneySavingExpert.com and parenting site Mumsnet have joined forces to launch an urgent petition urging politicians to ensure financial education becomes a compulsory part of the national curriculum.
Thousands of students could be forced to give up their studies after the Open University's (OU) decision to pull a scheme that offers existing undergraduates free education using Tesco vouchers.
Heads are expected to roll at the beleaguered Student Loans Company (SLC) after a damning report today criticised the firm's handling of the student finance system.
A mammoth 175,000 students are still waiting to receive loans and grants even though their courses have already started, an investigation revealed today.
9 October 2009
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