Financial education in the House of Commons – who said what

Proof 100,000 people can make a difference. Yesterday I spent five hours in the gallery of the House of Commons on the back of the e-petition many of you signed about putting financial education on the national curriculum. Time and time again the MPs referred to the signatures and the copious letters MoneySavers had written and it seemed...

‘You can afford to go to uni’ – the message is getting through

University applications are down 9% and sadly many students and parents are being scared off 2012 applications due to myths and misunderstandings about the new fees (a few for the right reasons too). So I was delighted to get this email yesterday from John Morgan, who teaches at Conyers School and is an Ascl rep on the...

Dear Mr Cameron, if you want more than to just post sticking plasters on people’s finances…

The following text is an open letter to David Cameron, an extract of this was also published in today’s The Sun newspaper, and has been sent to Number 10 Downing Street. Dear Mr Cameron,  If you want more than to just post sticking plasters on people’s finances – to end energy switching fears, protect vulnerable consumers, stop...

Stop early redemption penalties on student loans: the MSE consultation feedback

Stop early redemption penalties on student loans: the MSE consultation feedback The student loan system’s undergoing a radical overhaul that’ll hit new 2012 starters and beyond (not current students). Much has already been decided, such as the new £9,000 fee limit – but there’s still a proposal to levy penalties on those repaying early, which I think...

“If no-one will fully repay £9,000 student tuition fees – how is the system sustainable?”

Tuition fees for many rise to £9,000 in 2012. This has left scores of parents and students scared of graduating with £50,000+ debts. But now, many people who’ve used our whizzy, new Student Finance Calculator, which shows peoples ACTUAL repayments, are asking a different question: "It looks like I won’t pay most of it back, so who’ll...

Students – lower earners deferring to 2012 could pay LESS

A’level results are out this week and usually many students consider fun gap years, or the option of postponing a year to get into the uni of their choice. Yet this year, for some this option’s filled with fear as that means they’ll face the new 2012 system in England with up to £9,000 annual tuition fees....

Help! How do I explain student finance to 16,000 kids at a rock concert?

It’s brown trouser time. Next week I’ll be speaking to a crowd of 16,000 at the O2 arena about student finance, right before acts such as Diversity, Tinchy Stryder and Chipmunk perform. Yet frankly I’m panicked over the best way to get this important message across. It’s all part of the Transformation Trust’s big rock concert. The...

New Money Mantra for 13-year-olds

I loved the feedback from a class of 13-year-olds that they’d come up with a few more money mantras. It’s the first feedback we’ve received, since launching our new Teen Cash Class Activity Sheets for teachers to teach MoneySaving financial education. While the lessons are aimed at Key Stage 4 and 5, one teacher used them in...

MSE to donate £35,000 to the campaign for financial education in schools – a political donation

For transparency, as it’s the site’s first ever ‘political’, as opposed to standard charity donation (see charity fund) I thought this was important to blog about. The site and I have been championing compulsory financial education in schools for a long time and now we’re in a practical position to do something to help – we’re putting...

Don’t believe everything you read in The Times about me and student loans

I was rather surprised to open up a copy of The Times to see: "Money guru enlisted to sell tuition fees as costing two pints and a bag of crisps". This shock headline is rather far from the truth – and actually quite far from the body of the article itself. I have a sneaking feeling the...