This Is Why Student loans in England: is the degree still value for money?
May 29, 2023
16:44
Changes to student finance this September will see future graduates paying back their university debts earlier and for longer than any generation before them.
Some analysts say the changes which include 10 extra years on the life of the loan and a lower income when repayments start could see some graduates paying almost double over the course of their working lives.
So, if you’re paying more for longer, is a degree still worth the cost?
On the Sky News Daily, Leah Boleto is joined by money expert Greg Marsh, and social mobility professor Lee Elliot Major to discuss how the debt is changing and options young people have.
And ahead of her exams, sixth form student Thea Roland talks about her future university plans.
Producer: Sydney Pead
Editor: Philly Beaumont
Some analysts say the changes which include 10 extra years on the life of the loan and a lower income when repayments start could see some graduates paying almost double over the course of their working lives.
So, if you’re paying more for longer, is a degree still worth the cost?
On the Sky News Daily, Leah Boleto is joined by money expert Greg Marsh, and social mobility professor Lee Elliot Major to discuss how the debt is changing and options young people have.
And ahead of her exams, sixth form student Thea Roland talks about her future university plans.
Producer: Sydney Pead
Editor: Philly Beaumont