2012/13 Academic Year: Direct Tuition Payments and Early Repayments of Loans

2012/13 Academic Year: Direct Tuition Payments and Early Repayments of Loans

14/03/2012

2012/13 Academic Year: Direct Tuition Payments and Early Repayments of Loans

Students who do not wish to take out a loan to cover the full costs of their tuition in 2012/13 should approach their university or college directly to agree payment arrangements.

The Government announced on 23 February 2012 that there is to be no system of charges introduced for early repayment of student loans. Last year, the Government consulted as to whether there should be a charge for early repayment, and if so, what form such a charge would take. The consultation prompted 154 responses from the general public and many stakeholders. Having carefully considered all the evidence and responses submitted, the Government has decided that there will be no change to the current position and an early repayment system will not be implemented.