Welcome to MoneyMakingStudent.co.uk

Brand New Pages – 50 Fab Freebies

Time for a Pint
photo by mfajardo

Been a bit quieter of late, but I have been working hard on some new pages!

50 Fab Freebies

I have tried to collect together the best resources that are firstly free and secondaly a great help to students like me! If you see any more great sites out there let me know and they will be added.

More stuff coming soon, with the start of term not far away!

Cheers,

Martyn

A-levels Results Day: The 3 Options

empty exam desks
photo by dcJohn

I suspect most have their results by now, suddenly it is decision time.

For those of you lucky enough to get the results that allow you to go to the uni of your choice, congratulations, you may as well stop reading now and go to the pub.

If your results didn’t go your way there remains 2 options, change direction/resit or clearing.

Since the first option is totally up to you, I’m going to look at the clearing process. [Read more]

Student Loan Interest Rates To Fall

Happiness

*Update 27/4/09* Due to the rapidly changing economic climate, this post is a little outdated. I recommend reading my latest post on the ‘current situation’

A bit of positive news after last years shocking interest rate rise. Student loans may see the rate fall from currently 4.8% to 3.8%. Although not confirmed yet, it looks like it will fall. This is most likely to change in September.

But how is the rate calculated? Well the Government’s aim is to set the rate so it mirrors the rate of inflation. Therefore the money you borrow remains the same value. Or at least that’s the plan. The problem, how do you calculate the rate of inflation? The two current methods are Retail Price Index (RPI) and Consumer Price Index (CPI). Before 2003 the Government’s rate of inflation was set by the RPI method, without going into the finer detail this gave the higher rate of interest. But since 2003, The Government has been using CPI as the indicator for rate of inflation. Yet they are still using RPI still to calculate student loan interest. The difference is disgusting.

What’s worse RPI tends to fluctuate more. For the year 06/07 the rate was 2.4% but this year it is 4.8%. Yep doubled. [Read more]





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