For many about to take the next step from A-Levels to university, concern over how much their education could cost is a burden. This comes as the cost of living crisis has caused the interest rates for student loans to rise by three percentage points.
This does not necessarily mean that all students will pay more, as the debt is written off after 30 years - soon to rise to 40 years. So only the higher earners after leaving university are likely to be the ones that get stung by the interest rates increase.
The Department for Education (DfE) says graduates and current students will save hundreds of pounds each year by the cap being lowered.
