From September 2023 new students starting university or higher education will now be on a ‘plan 5’ loan system.This is the biggest change to student finance in England in a decade and will lead to many paying back double what they would have done on the old system.It is important to recognise that student loans are not like other loans. They come from the Government and give you more protection than loans that you have with a credit card or buying a home.You do not repay anything … [Read more...]