Student Finance can be a whole minefield, but missing the facts can have dire consequences. It is time we debunked some of those myths you have been hearing!
Student Finance is complex at its finest; totally dumfounding at its worst — and it doesn’t help matters when misinformation is constantly being thrown around the area.
In our Student Money Survey this season, we discovered that a whopping 67% of you do not understand your student loan agreement, with one student commenting:
I am worried about the new terms of paying back loans, I have no idea what is true or if changes affect me.
Arming yourself with all the truth in regards to this material is very important — especially at a time when changes are on the horizon — and for most young men and women, it may even find out whether they go to college in any way.
And whilst we surely do not agree with many elements of Student Finance, it is frequently the case that the problem is not half as bad as it initially sounds.
We hope you will use this manual to distinguish reality from fiction, and help disperse the (right!) Word relating to this particular tuition fee substance works!
UK Students Has The Worst Debt In The World
Arming yourself with all the truth in regards to this substance is very important — especially at a time when changes are on the horizon — and also for many young women and men, it might even find out whether they go to school at all.
And whilst we surely do not agree with many components of Student Finance, it’s frequently the case that the problem isn’t half as bad as it initially seems.
We hope you will use this guide to differentiate facts from fiction, and help disperse the (right!) Word relating to the particular tuition fee material works!
You Have To Be Rich To Study In University
With tuition prices going up and maintenance grants for students in households being trashed this season, it is absolutely understandable that many may feel they are being priced out of higher education, and be put off the concept of college completely.
However, regardless of the daunting prospect of cooperating with a rather major piece of debt (current averages sit about #50,000), there are a couple of terms to loans which should (in theory) make college financially available to you if you are from a wealthy family or not (although we are under no illusions here we all understand that the method is far from ideal).
As sh*tty because it had been that the government battled the grants, the impacts of the extra debt for people who would have formerly qualified for the grant are mostly psychological.
That is because, unless the authorities eliminate the 30 year window where you repay student loans, or you obtain a really high-earning project, you won’t refund it all (some may hardly make a dent in it).
In addition to this, there is money out there to aid you get to college if finances are a significant concern — you only have to learn just how to receive it done, the way exactly to utilize it, and the way to make it last!