Millions of g raduates will pay more interest on their student loans from September, because the inflation rate these rates are linked to has risen sharply over the past year.
The Government has today kick-started the sale of pre-2012 student loan debt and has been quick to dismiss concerns the process could negatively impact graduates.
The value of Government-owned student-loan debt to prospective buyers has been cited by Chancellor Philip Hammond as a reason not to reverse a retrospective freeze on the threshold at which graduates begin to repay their loans.
The average Welsh student could potentially pocket £7,000/year in maintenance grants from September 2018 under plans by the devolved government - with students from higher-income families each receiving a grant of at least £1,000/year.
The Government has been accused of behaving like a payday lender following its latest refusal to reverse its retrospective freeze on the threshold at which graduates begin to repay their student loans.
The Government's U-turn on a promise to increase the threshold of student loan repayments was debated in the House of Commons yesterday, with MPs expected to decide today whether a petition on the subject will trigger a further debate.
University students across the UK need to get a shift on if they want to guarantee getting their loans in time for the start of the September 2016 term.
Embattled student loans administrator Erudio has failed to provide deferment application forms to thousands of graduates on time, which may leave them wrongly having to make repayments from next month if not resolved.
Tens of thousands of Erudio customers will begin to have interest applied to their loans after it was initially frozen last year following an investigation into historic paperwork issues.
3 September 2015
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