NEW Student Loans Decoded for TEACHERS

MSE helps prospective uni-goers (and parents) understand student finance with groundbreaking FREE lesson plan for schools

The UK’s biggest consumer website, MoneySavingExpert.com (MSE) is lending key stage 4 and 5 teachers a helping hand, by today launching its new quality-marked student finance teacher guide. The guide accompanies Martin Lewis’ free lesson-length mythbusting video programme, that helps young people in years 11-13 navigate the complex financial choices involved in higher education.

The programme was filmed with a lively group of 100 pupils at Queens Park Community School in north-west London. In it, Martin Lewis shatters popular myths and challenges the widespread misinformation that risks many young people not understanding – in practical terms – whether they can actually afford to go to university. The film and complementary activities focus on the current student loans system in England (introduced in 2012), explaining fees, repayment, interest, maintenance loans and more. 

Along with very strong feedback when it launched last October, teachers asked for more support in delivering lessons with the programme. So MSE and financial education charity Young Money teamed up to create lesson-based activities for each video chapter, mapped to the Secondary Financial Education Planning Framework. The teacher guide has also received the Young Money Financial Education Quality Mark – a stamp of approval for financial education.

Martin Lewis, founder of MoneySavingExpert.com, said: "Student finance has long been a political hot potato. The venom spat across the House of Commons has led to widespread confusion and misunderstanding.

"Schools need to replace the politics with the practical. Only by understanding the true cost of going to university can students and their parents objectively decide if it's right for them. While some rightly choose not to go to university due to the cost, many reject it based on financial myths. That's tragic.

"Too many are put off by the high price tag on tuition fees, and the overall 'debt' figure they're left with, even though that bears little resemblance to what they actually repay. Too few consider the greater challenge of affording to live while studying. Last year, we launched our Student Loans Decoded lesson-length programme – we've had great feedback, but many teachers wanted more.

"So now, together with the Young Money charity, we've created a linked teacher guide, mapped to the financial education planning framework, to make the lesson planning even easier. And as it's received the Young Money quality mark – a stamp of approval for financial education – you can be assured that it meets all the requirements for your classes."

Praise for Student Loans Decoded

The following comments are from MSE users following the release of the programme in October.

"Wish I knew this many years ago. Better late than never though I suppose."

"Student Loans explained! Such a good video to make the whole student finance process more simple to understand."

"Thank you for your explanation on student loans! Very helpful!"

"This is why you shouldn’t be too scared of student finance."