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Business
Catherine Addison-Swan

Changes made to student loans guidance after Martin Lewis calls for 'urgent correction'

Martin Lewis has successfully managed to get the Government to change its guidance on student loans, after highlighting incorrect information that may have meant students from vulnerable households missed out on vital support.

The MoneySavingExpert founder announced last week that he was calling for an "urgent correction" on information provided on the gov.uk website, saying that it was providing "false and misleading" information to students applying for loans and their parents. Martin wrote to the chief executive of the Student Loans company outlining the errors, which he said have been on gov.uk for at least two years.

The incorrect information was regarding current year income assessments for student maintenance loans in England, which allows households who have experienced a substantial drop in income to have this taken into account when the student's living loan assessment is being decided. This means that the loan will be bigger, providing a "crucial lifeline for many", Martin explained.

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