• Student Finance

    'I repaid - but they made it so hard': Should you try to pay off your student loan early - before interest debt SOARS?

    Tuition fee rises and a leap in student loan costs have sent university applications plummeting by 4 per cent this year. The Mail on Sunday asks whether worried borrowers already in hock should aim to pay off their loans early before the interest burden transforms the debt into a six-figure sum.Many people would be glad of the chance to be 23 again. They might not do so any more, because it is around this age when thousands of young graduates get a nasty surprise in the post. Celebrating: Laura Rettie has made the final payment on her student loan I ...

    9029
  • Student Finance

    How to get gap-year ready: From the right insurance and mobile to emergency cash, make sure you have your finances covered

    Around 75,000 school leavers plan to spread their wings at the end of the term, heading off on a gap year before they start their studies at university.As many as 27,000 of them however, will start their travels without insurance, according to research from Comparethemarket.com. And with bungee jumping and sky diving on many gap-year bucket lists, even those with policies in place risk not covering themselves adequately.To help you make sure your kids properly prepared for their travels, here are our top tips on everything from getting the right insurance cover to making sure they always have emergency access ...

    9029
  • Student Finance

    Student loan costs set to rocket from 4.6% to 6.1% as inflation soars

    Student loan costs are to jump from 4.6 per cent to 6.1 per cent in September as a result of soaring inflation.The hike means many students will see debts grow by more than 3,000 a year.Thousands are leaving university with debts of 50,000 or more now that tuition fees are as much as 9,250 a year. Burden: Student loan costs are to jump from 4.6 per cent to 6.1 per cent meaning many students will see debts grow by more than 3,000 a yearSince the rules changed in 2012, students have accrued interest on their loans at the rate of ...

    9029
  • Student Finance

    Millions charged more interest on student loans from September as some rates hit 6.1% - almost DOUBLE the rate of UK inflation

    The interest rate charged on student loans in England and Wales will rocket to as high as 6.1 per cent for some in September.The amount charged is updated each September and is based on the Retail Prices Index inflation rate from the March of the same year, which was revealed today as having been 3.1 per cent last month.The interest charged depends on when you started university, but new students this year and many of those already studying will be charged up to 6.1 per cent interest on their loans. The interest charged on student loans is rising to 6.1 ...

    9029
  • Student Finance

    Who says students are lazy? The inspiring stories of the bright sparks funding uni by setting up businesses

    Charleh Dickinson is making speciality cakes and snacks to pay her way through universityIt's six in the morning and Charleh Dickinson is awake in her shared house in Sheffield with a long to-do list.Like most students, she has hours of lectures to attend and a dissertation to research and that's before a three-hour waitressing shift, a gym workout and drinks for a friend's birthday.But at the very top of the list is firing off several emails to her supplier. Because Charleh doesn't fit the modern student stereotype of all play and very little work.She juggles her studies with running ...

    9029
  • Student Finance

    Student current account perks test: Should you have your head turned by discounts and downloads?

    A-level students who have met the grade and are soon off to university will be taking charge of their finances, perhaps for the first time. LAURA SHANNON explains to students and parents or grandparents advising them what they need to know before term starts. Careful: Hannah Tarling is heading off to Manchester University (case study below)HOW TO PICK A STUDENT BANK ACCOUNTA bank or building society account is the bedrock of a student's finances and most will want it to come with a generous interest-free overdraft. This is a sum of money you can borrow and repay without charge.Overdraft sizes ...

    9029
  • Student Finance

    Students warned over rise in dangerous phishing e-mails as fraudsters target their first loan instalment worth thousands

    Students across Britain are being warned to stay safe online after a spate of phishing e-mails from fraudsters aimed at stealing their first loan payment.Half-a-million students are set to start university in the coming weeks, while those in their second and final years will also return, and cunning scammers know thousands of pounds will soon hit most of their accounts.The fraudulent emails usually claim that failure to respond with personal information updates will see students lose or delay their September finance payment, a nightmare scenario for most. Student target: Fraudsters know that students are set to have large sums enter ...

    9029
  • Student Finance

    Nationwide has launched its first ever student account - it comes with a 3k overdraft but how does it stack up against its rivals?

    Nationwide has launched its first student bank account -FlexStudent - that offersa tiered overdraft of up to 3,000.It's the largest interest-free buffer of any student account available and to open the FlexStudent account, customers must be able to pay in at least 1,500 per year of study across two or more transactions - such as student loan instalments.The account also comes with one per cent in-credit interest on balances of up to 1,000 - which would reward students able to comfortably able to stay in the black with 10 each year. Savvy students: Freshers should avoid picking their current account ...

    9029
  • Student Finance

    Student accounts: Which banks will give you the best rates, freebies and service as you head to university?

    The results are in and thousands of school leavers across the country will be excitedly preparing to take their next step.While heading to university marks the start of adult life it is also crucially the start of financial independence.The first financial products a young person applies for in their own name, be it insurance, credit or anything else, often come as they enter university.Key among these will be their student bank account, likely to be the first 'proper' bank account they have. Top grades: Banks are offering overdrafts of up to 3,000 and free discount travel cards on student accountsCompetition ...

    9029
  • Student Finance

    MONEY SAVING TIPS: How to save the pennies, from cooking to discounts

    Just as in family life, there are myriad ways for students to cut costs: from discounts to cooking, council tax to carrying cash.Freshers are notorious for burning through their student loans long before the end of the first term, having little experience of budgeting and with so much temptation to spend. So, to help you have a little more than just fresh air to survive on as you wait for the next loan installment here are a few top class tips for students heading off to university this autumn Digs: Students spend around 59-a-month at supermarkets, and 54 on eating ...

    9029
  • Student Finance

    Busting the BIG student debt worry: How to navigate your way through fees, loans, grants and more...

    Debt. That's one of the most pressing financial worries for parents watching their children fly the nest this autumn.It varies a lot, but the average student starting this autumn will find themselves with 53,000 worth of debt by the time they graduate. But don't despair. Much of this is a special type of debt we're talking about here. The key is to stick as close as possible to what advisers call 'good debt'. Swotting up: Make sure you are prepared for university, find out about grants loans and feesCosts of studying University costs Universities can currently charge up to 9,000 ...

    9029

Celebrity News