STUDENTS starting university this year are being hit with some major changes to loans, in the biggest shift in a decade.
From September students in England will see three big changes to loans and how they’re paid back.
It’s important to note that the changes will only affect new starters, not those who are already enrolled at university, or who have already graduated.
This is because a new repayment plan is being added to the student finance system called Plan 5 loans.
If you’re starting your course on or after August 1 you will be on Plan 5, that’s if you’re starting an undergrad, a post grad, or you take out an advance learner loan.