Students who start college in September are likely to pay twice as much in student loans over their lifetime as those who went to college in earlier years.
HONG KONG SAR – Media OutReach – 18 July 2023 – As the summer holidays approach, uFinance, a student loan platform, now provides not only student loans for Hong…
the impact of negative headlines about student loan interest rates. the amount of interest you pay on your tuition loan is decided once a year and takes effect in september. we will not know for another few months the exact figures but if you started university between 1998 and 2011, your rate from september is likely to stay at 1.5%. if you began studies before 1998, from september it could increase to 9% because it is linked to the rise in average prices as it stands in march plus a bit more. if calculated using the measure of inflation using the retail price index which increased last month. if you went to university in 2012 or after, you could pay as much as 12% in september. in real terms it means