Repayment holiday for Student Loans is now only 2 years, not 5

Still on the subject of the extra 10,000 places, which has certainly gathered a lot of comments, one issue seems to have been missed. Or perhaps drowned out in the worry and concerns that are said about both Clearing and also perceived lack of opportunties for new graduates. The fact that the repayment period has changed from 5 years to just 2 is a big change. This repayment holiday was seen as useful because it allowed students to focus on other financial issues (if they chose to), before having to begin repayments on their loans when they were earning enough. It will be interesting to see if this has any impact on students and their plans, but certainly some parents are aware of this issue. If Martin Lewis, of moneysavingexpert.com fame has concerns that the student loan scheme is being chipped away bit by bit then it must be something to consider. http://www.independent.co.uk/news/education/education-news/students-fiveyear-repayment-holiday-on-loans-is-abolished-1754393.html Of course the other point is that more students are now getting grants, either full or partial, than at any time since the loan scheme for Higher education started. There are also bursaries available from many universities which are worth checking out.