The Money Saving Expert has explained the new system to both worried freshers and parents Curiously
Martin Lewis has explained how changes to student loan repayments will impact freshers beginning their studies this September.
The new system will mean that future graduates will repay more of their student loan over a longer period of time. He compared it to the system that is currently in place for students, explaining: "From the April after you leave university, you start to be eligible to repay the student loan."On the current system, you repay 9% of everything over £27,295. From the new system, it will be 9% over £25,000.
Martin then explained the other impactful change being made to new students. They will have to pay off their loan for up to 40 years which is a 10 year increase on the current repayment period of 30 years.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Martin Lewis causes sudden stop to GMB as he leaves Susanna Reid stunnedMartin Lewis causes sudden stop to Good Morning Britain as he leaves Susanna Reid stunned
Weiterlesen »
Martin Lewis on 'extra tax' you could be paying for most of your working lifeThe Money Saving Expert discussed the changes on Good Morning Britain and issued a stark warning to anyone thinking of going to university.
Weiterlesen »
Martin Lewis says 'sorry I let you down' as fans offer supportThe Money Saving Expert hit out after a Twitter user called him a millionaire in a remark
Weiterlesen »
Super Formula: B-Max’s last hope of saving abysmal seasonLast week\u2019s in-season Super Formula test at Fuji Speedway afforded teams up and down the grid a rare chance to try things they wouldn\u2019t normally be able to. But if there was one team that needed it more than any other, it was B-Max Racing.
Weiterlesen »
Dark, damp and deathly: inside a hospital on Ukraine’s front line“My job is very similar to that of a normal ambulance driver; it’s just that it happens under constant shelling”: how Ukraine’s medical staff are treating patients on the front line
Weiterlesen »
No deal Brexit fears took vital resources away from saving lives during CovidRecord View says the blame lies with Boris Johnson’s government, which was determined to push through Brexit whatever the cost.
Weiterlesen »