There have been changes in the amount of interest paid on student loans. Apart from the BBC, the SLC is the only reliable source of information. Here is the URL to the SLC's latest student loan info: https://www.gov.uk/government/publications/student-loans-a-guide-to-terms-and-conditions/student-loans-a-guide-to-terms-and-conditions-2023-to-2024

We also have the BBC'S latest newsreel on student finance. The BBC's URL won't load in an Iframe, so we have preseved the page using an image. The URL to the page below is here: https://www.bbc.co.uk/news/education-62237170

What is the purpose of going over this new info? In short, the new rate of interest is currently 13.7%. This means average student debt now costs £170 a week in interest alone. See the Excel link (left) for an overview.

​

Average student debt INTEREST is now £170 a week for lets say average student debt of £64,461 , which is simply 3 years worth of maximum student loans and maintenance loans (£20,928 x3 = £66,388).
We are trying to address some of these issue for you.
Just click the link on the left, to find the Excel sheet.
More to follow......