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Martin Lewis: time to fully stop calling student education loans a loan

Martin Lewis: time to fully stop calling student education loans a loan

4:16PM BST 15 Aug 2013

Another 12 months, another batch of A-level results, another host of fresh face young things cornered by concerned sympathetic television and radio reporters asked “doesn’t the ?50,000 student financial obligation scare you? ”

Just as before driving a car factor is hyped by people ignorant of this system needlessly scaring many currently disenfranchised youths away from advanced schooling.

It is not only reporters. Yesterday a pr release from financial giant Fidelity starred in my inbox. It had been attempting to fear offer its Junior Isas to parents that are scared a way to truly save up and spend costs maybe not borrow.

Exactly exactly What it neglected to mention is few people should actually spend upfront, many moms and dads that do this is tossing ?10,000s away because their children won’t need repay that much.