Student Loans

The Government has rejected a petition about the retrospective hike in the cost of loans for more than two million students, despite it receiving more than 128,000 signatures – but it may still end up being debated in Parliament.  

MPs are likely to debate the Government's retrospective hike in the cost of loans for more than two million students after a petition quoting MoneySavingExpert on the subject collected more than 100,000 signatures.

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.

Student loans administrator Erudio is to write again to thousands of graduates to confirm new deferment deadlines, after a second admin blunder in a month caused widespread confusion over when deferment application forms need to be submitted.

Students and graduates can expect to pay more interest on their student loans from September compared with the previous year, as inflation increases.

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.

Today's Autumn Statement saw Chancellor George Osborne announce a raft of cuts and giveaways to balance the Government's books. However, as a MoneySaving website and consumer champion, we've focused on the key changes that will affect you.

Millions of graduates will soon have to repay much more of their loans than they were initially told after the Government secretly backtracked on a promise – a move MoneySavingExpert.com founder Martin Lewis has branded "a disgrace".

Worried former graduates whose loans are owned by Erudio have taken to our forum to raise questions about when their loans will be wiped, whether they can pay them off early, and the impact this will have on their credit files. We answer these questions below.