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Uni costs to increase 50% – Everything you need to know

The Martin Lewis Podcast

CHAPTER

The Real Cost to the Interest on Student Loans

Inflation is a measure of how quickly prices rise. The interest on student loans rises with the cost of things, so your purchasing power is not diminished by the interest on the loan. So don't be overly scared by it even when it looks horrible. Luckily, the highest inflation rate is going to be in your first year when you've got the least amount of borrowing - which is quite useful. Don't let that scare you off overly because ultimately over the next 40 years, hopefully fingers crossed it will all balance itself out.

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