Education Costs

Question 1

What are annual tuition fees (2023/24)?

Answer 1

£9,250

Question 2

Up to how much at a non-London university can one borrow as maintenance costs?

Answer 2

£9,978 a year.

Question 3

At what percentage of their earnings and above what value do graduates pay back their student loans (2023/24)?

Answer 3

• 9%
• Earnings above £25,000.

Question 4

After how long are student loan debts wiped?

Answer 4

40 years.

Question 5

According to the UK government’s forecasts, what percentage of students starting in 2023-24 will not repay their loan in full?

Answer 5

39%.

Question 6

Name 4 things to do after graduating from university and starting in employment.

Answer 6

1. Create a budget.
2. Build up an emergency fund.
3. Check out your employer’s workplace pension.
4. Check out savings vehicles such as ISAs and LISAs, especially if saving for a house.