He’s shared eight tips in his newsletter which explain the current financial situation, and will help students make the most of their money.‘A good chunk though will see significant financial changes that won’t make easy reading.‘Perversely, while over the long term new starters will need to repay up to 50% more than their predecessors, right now for them the biggest practical issue may be that the loan’s too small.
Martin explains: ‘Contrast these to inflation, the rate at which prices rise. On the lowest measure it was over 10% when the new English loans were announced and is still currently 6.8% year on year. The higher their family’s income, the less support the state gives, implying parents will support their student children.
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