{"id":60962,"date":"2017-07-17T21:40:16","date_gmt":"2017-07-17T14:40:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-students-should-not-try-to-pay-off-loans-early-research-suggests\/"},"modified":"2017-07-17T21:50:25","modified_gmt":"2017-07-17T14:50:25","slug":"uk-students-should-not-try-to-pay-off-loans-early-research-suggests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-students-should-not-try-to-pay-off-loans-early-research-suggests\/","title":{"rendered":"UK students should not try to pay off loans early, research suggests"},"content":{"rendered":"


\nMany graduates panic at rising interest rate but overpaying is \u2018just throwing money away\u2019, says money expert Martin LewisStudents should not try to pay off their loans early despite the controversial rise in interest rate to 6.1% in September, according to research by money expert Martin Lewis.Lewis says his moneysavingexpert.com site has been \u201cswamped\u201d by graduates terrified by new statements that show their debt spiralling in size after interest is added. He believes most graduates will never repay their debt. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK students should not try to pay off loans early, research suggests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many graduates panic at rising interest rate but overpaying is \u2018just throwing money away\u2019, says...<\/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-60962","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-fRg","jetpack-related-posts":[{"id":14688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-the-next-big-mis-selling-scandal\/","url_meta":{"origin":60962,"position":0},"title":"Student loans: the next big mis-selling scandal?","date":"May 28, 2016","format":false,"excerpt":"\r A 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-quadrupled-my-interest-rate-just-for-taking-a-short-trip\/","url_meta":{"origin":60962,"position":1},"title":"Student Loans Company quadrupled my interest rate \u2013 just for taking a short trip","date":"July 22, 2017","format":false,"excerpt":"\r Oxford graduate Jenny Richards is among thousands being punished with additional rate riseGraduates who fall foul of the Student Loans Company face paying back thousands of pounds more after it emerged the firm has the right to penalise students with extra interest for simply taking a three-month trip.Guardian Money\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29429,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/huge-increase-in-number-of-graduates-bad-for-uk-economy\/","url_meta":{"origin":60962,"position":2},"title":"Huge increase in number of graduates 'bad for UK economy'","date":"October 11, 2016","format":false,"excerpt":"\r Mismatch of skills and labour market as university education keeps growing is bad for students and employers, suggests CIPDThe government is being urged to end the political drive to get more people into university after new research showed that graduates are \u201ccolonising\u201d jobs in banking, education, the police and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-debt-collection-letters-lead-to-calls-for-compensation\/","url_meta":{"origin":60962,"position":3},"title":"Student Loans Company debt collection letters lead to calls for compensation","date":"July 3, 2014","format":false,"excerpt":"\r Business secretary to meet agency about tactics in which more than 300,000 graduates sent misleading 'Wonga-style' lettersThe Student Loans Company is facing calls to compensate more than 300,000 graduates sent misleading \"Wonga-style\" debt collection letters, as it emerged that the business secretary, Vince Cable, is to meet the agency\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-graduates-still-face-cash-grabs-of-300-a-month\/","url_meta":{"origin":60962,"position":4},"title":"Student loans: graduates still face cash grabs of \u00a3300 a month","date":"August 5, 2017","format":false,"excerpt":"\r Complaints continue to grow about the Student Loans Company from those who have paid off their debtGraduates who have paid off their student loans say they are continuing to have as much as \u00a3300 a month taken from their pay packets by the Student Loans Company, with some talking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-under-pressure-over-student-loan-change\/","url_meta":{"origin":60962,"position":5},"title":"Government under pressure over student loan change","date":"June 4, 2016","format":false,"excerpt":"\r Petition against decision to freeze repayment threshold reaches 120,000 signaturesThe government is coming under intense pressure to reverse controversial changes to student loans, after one of the scheme\u2019s leading proponents, Martin Lewis, branded them a \u201cdisgrace\u201d, and a petition opposing them started by a Durham student hit the crucial\u2026","rel":"","context":"In "Property 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