{"id":14688,"date":"2016-05-28T12:59:26","date_gmt":"2016-05-28T05:59:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/"},"modified":"2016-05-28T13:09:52","modified_gmt":"2016-05-28T06:09:52","slug":"student-loans-the-next-big-mis-selling-scandal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/","title":{"rendered":"Student loans: the next big mis-selling scandal?"},"content":{"rendered":"


\nA change to loan conditions, made after it\u2019s taken out? A mortgage company can\u2019t legally do that to borrowers, but it seems the government canMany graduates have been shocked this week to see just how their debt is escalating, with interest charged at up to 3.9%. That\u2019s more than the typical rate on a first-time buyer mortgage. Have they been mis-sold a dodgy loan?University of Nottingham graduate Simon Crowther\u2019s post on Facebook went viral this week, after he revealed how much interest is being added to his debt. He\u2019s part of the first wave of graduates to have left university after paying \u00a39,000-a-year fees. His total debt, a year after leaving college, jumped to \u00a341,976 by the end of March, with the interest racking up by as much as \u00a3180 a month. Crowther claims he was mis-sold the loan and \u201ccheated by a government who encouraged many of us to undertake higher education, despite trebling the cost of attending university\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Student loans: the next big mis-selling scandal?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A change to loan conditions, made after it\u2019s taken out? A mortgage company can\u2019t legally...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14688","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3OU","jetpack-related-posts":[{"id":15442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-really-were-mis-sold\/","url_meta":{"origin":14688,"position":0},"title":"Student loans \u2018really were\u2019 mis-sold","date":"June 4, 2016","format":false,"excerpt":"\r Originally I supported the \u00a39,000 tuition fee regime. But now, after my own daughter has gone through the system, I realise that the interest rates charged are scandalousI have three children, all of whom went through university under different student loan regimes; the last one started university in 2012,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/church-of-england-accused-of-acting-like-a-loan-shark-over-vicars-widow-falling-313000-in-debt\/","url_meta":{"origin":14688,"position":1},"title":"Church of England accused of \u2018acting like a loan shark\u2019 over vicar\u2019s widow falling \u00a3313,000 in debt","date":"March 17, 2024","format":false,"excerpt":"\r A church mortgage supposed to help clergy buy their own home has turned into a huge burden for a woman who paid interest for almost 29 yearsThe family of a vicar\u2019s widow has accused the Church of England of behaving like a loan shark after a \u00a355,000 mortgage it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167060,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-decembers-fed-rate-cut-means-for-your-mortgage-credit-card-auto-loan-student-debt-and-savings\/","url_meta":{"origin":14688,"position":2},"title":"What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings","date":"December 11, 2025","format":false,"excerpt":"\r From\u00a0credit cards and car loans to mortgage rates, student loans and savings accounts, here's a look at the ways a Fed rate cut could affect your finances.\r \r Source : cnbc.com\r Read more...What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163537,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-this-fed-rate-cut-means-for-your-credit-card-mortgage-auto-loan-student-debt-and-savings-account\/","url_meta":{"origin":14688,"position":3},"title":"What this Fed rate cut means for your credit card, mortgage, auto loan, student debt and savings account","date":"October 30, 2025","format":false,"excerpt":"\r Here\u2019s a look at all of the ways the Fed decision could affect your finances.\r \r Source : cnbc.com\r Read more...What this Fed rate cut means for your credit card, mortgage, auto loan, student debt and savings account","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116041,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/repayment-of-a-wider-pool-of-loans-may-be-deferred-from-6-may-mas\/","url_meta":{"origin":14688,"position":4},"title":"Repayment of a wider pool of loans may be deferred from 6 May \u2013 MAS","date":"May 4, 2020","format":false,"excerpt":"\r Banks and financial institutions are going to provide for such deferments, but it is up for their customers to opt-in for it. The Monetary Authority of Singapore (MAS) announced that individuals may request for the deferment of loan repayments which include commercial and industrial property loans, education, renovation, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-waives-tdsr-limits-for-deferred-mortgage-repayments\/","url_meta":{"origin":14688,"position":5},"title":"MAS waives TDSR limits for deferred mortgage repayments","date":"April 8, 2020","format":false,"excerpt":"\r Borrowers who apply to defer either their home loan\u2019s principal payment or both their interest and principal payments will be exempt from the TDSR limitations. The Monetary Authority of Singapore (MAS) has clarified that certain limits for deferred payments on consumer loans and mortgages will be waived in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14688"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14688"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}