More than six in 10 entry level jobs non students have 'worrying misconceptions' about what they will have to pay back on their student loans, new research shows. Martin Lewis, head of the Independent Student Finance Taskforce, explains how damaging this could be Six in 10 students mistakenly believe they will have to start repaying their loans after graduating even if they can't find a job, a new study has found.
The research commissioned by the Independent learning activities for entry level Students Finance, Taskforce to mark today's Student Finance Day, also found that 61 percent of students were concerned about how a student loan might affect their credit rating, even though the loan does not appear on credit files. The psychology and fears that surround the new tuition fees of up to 9.000pounds per year, are far worse and much more damaging than the financial reality."
The entry level jobs for college students , you don't have to pay it back, that's the point.It's a payment based on financial success, if you don't have financial success, you don't have to pay a penny. Most of the variation happened in application to universities in England. Where acceptances went from 394,760 in 2011 to 340,550 in 2012 before climbing to 375, 120 in 2013. In Scotland, where domestic students are not charged tuition fess, acceptances have remained unchanged over the past four years at around 27,000.
The recovery was most marked in Northern Ireland and England, where accepted applications rose by 10%, while acceptances in Wales rose by 5% and Scotland by 2%. The Ucas figures also showed a small increase in the number of students being accepted by universities in England, with at least two As and a B, grade at A-level or equivalent. Overrall, 110,000 students were accepted with AAB grades or higher, a boon for universities that recruited them since students with such high grades do not count under the government's cap on numbers for each institution.