If the recent news stories about student fees and charges have your head in a spin then do not worry.
Creator of moneysavingexpert.com and financial journalist, Martin Lewis has created a handy list of the top 20 facts that you need to know as a student and a parent.
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Or jump to: Martin Lewis' 20 key facts on student fees, loans and grants 1. The changes only affect new undergraduate September 2012 starters 2. Trebling tuition fees does not always mean tripling your costs 3. You do not need to have cash to go to university 4. Earn under £21,000 and you will never repay 5. After 30 years any remaining debt is wiped 6. 'Above-inflation' interest will be charged 7. Repayments will be £540 a year lower than now 8. You will owe money for longer and may pay a lot more 9. Part-time fees rising, but tuition fee loans now available 10. Monthly repayments are the same whether fees are £6,000 or £9,000 11. Student loans also cover living costs 12. Under £42,600 income households' students get living grants 13. Student loans do not go on credit files 14. The new system is unlikely to impact the ability to get a mortgage 15. You may not be allowed to repay early 16. Students from, or going to, Welsh, Scottish and Northern Irish unis may have different rules 17. Many people will never pay it all back 18. Think of it like a graduate tax not a loan 19. Student loans should be counted as part of students' income 20. Other grants and bursaries will be available
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