you're reading...
News, Student Debt

“The £6,000 interest charge hidden in new student loans that will be handed to graduates the day they leave university”

“Exorbitant interest rates on new university loans mean that average middle-class students will owe £6,000 more on the day they graduate than they originally borrowed to fund their three-year course.

From the moment they receive the first tranche of their loan, they will begin racking up interest at a crippling rate which is 3 percentage points above inflation and higher than at most high street banks.

A Daily Mail investigation found that typical students will have to borrow £43,500 to fund their higher education over a three-year course – £9,000 a year for tuition and £5,500 a year for living costs.”

Read more here…http://www.dailymail.co.uk/news/article-2012705/6k-charge-hidden-new-student-loans.html



No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: