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UCAS criticised for advertising loans that are high-interest

19 Aug , 2020,
Beth Weissman
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UCAS criticised for advertising loans that are high-interest

Future Finance’s loans are interested prices of between 8% and 23.7%. The interest that is maximum a federal government education loan is 5.4%, determined because the Retail Price Index (RPI) plus 3%.

It had the subject line “Is your Student Finance likely to be sufficient? ”, and promoted a commercial loan as “extra funding”. Nevertheless, it failed to point out alternate types of money, including difficulty funds, additional funds and 0% overdrafts, all of these may be accessed at no cost.

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