‘Implicit’ need for parents to top up student loans to be made clear
Students in England are set to receive clearer information about the cash gap that parents may need to plug alongside their loans.
Michelle Donelan, the minister for universities, has agreed to improve official student finance information on maintenance loans for students in England, according to MoneySavingExpert.
The move comes after the website’s founder, Martin Lewis, highlighted an implicit “parental contribution” built into the student finance system – and it argued that this needed to be made explicit.
Students’ loans are reduced, often by thousands of pounds, due to family income, and parents may need to fill the gap. MoneySavingExpert said loan letters to students did not mention that they could be receiving less than half the maximum
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