Student Loan Interest Increases Expected
A-Level students who have recently got their results and managed to secure a place at university might re-consider how much they borrow from the student loans company after it emerged that they will be charging more interest.
Under new proposals, the student loans company plan to increase the levels of interest for both loans taken out before 1998 and those taken out since.
The difference between pre-1998 loans and post-1998 loans is the amount of interest charged. All loans taken out before 1998 will be charged at 4.4pc interest on the balance whereas those after the date will be charged at 1.5pc interest.
Finding Ways to Save Money
The increases in interest charged will affect former students too, but it will be current students who are most concerned about the increase. With university becoming more competitive and indeed costly, students will be keen to ensure that they don’t run up too much debt.
This is why using a professional student baggage service might appeal to some students. Uni Baggage offers student shipping to and from university, with a next day delivery for mainland UK during the week.
Plus students can get up to 30kg of student baggage per item.
Post a reply