Monday 4 July 2011

Head of student finance taskforce and MoneySavingExpert.com founder responds to Sutton Trust report on tuition fees


Martin Lewis, founder of MoneySavingExpert.com has responded to the Sutton Trust's findings that only one third of pupils understand tuition fees. The survey follows the launch of an independent taskforce, headed by Martin Lewis and former NUS President Wes Streeting, which will help tackle the myths and misunderstandings both good and bad surrounding the true cost of university education. Martin Lewis says: "It's shocking how little pupils understand the system and this survey shows the mammoth scale of the job ahead. While I'm no fan of the change, it's important to realise no one needs to pay upfront, and because 2012 graduates will start repaying at £21,000, rather than the current £15,000, many are surprised to find they'll actually have more disposable income, not less, under the new system. The truth is while the headline figure of £50,000 fees is very scary, actually many people will never come close to repaying that.

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