Money Box Live from Leeds: Student Finance
Money Box
BBC
4.2 • 825 Ratings
🗓️ 27 September 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Felicity Hannah and the team broadcast live from Leeds University as students from England face a massive overhaul to their finances. It's the biggest change in more than a decade.
Previously, student loans were written off after 30 years, but under a new scheme called 'Plan 5' it's 40 years. Graduates will also have to start paying money back when they earn £25,000, the threshold has been lowered this year from £27,295.
So, this week we're looking at how much a really degree costs as well as taking your questions and comments.
On the programme we have money guru Martin Lewis to explain exactly what the changes mean as well as Louise Banahene, Leeds University Engagement Officer, Bethan Corner, who is the Education Officer at the Student Union, and Tom Allingham from student finance website, Save the Student.
Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle
(First broadcast, 3pm, Wednesday 27th September 2023)
Transcript
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| 0:00.0 | On a winter's night in 1974, a crime took place that would obsess the nation. |
| 0:07.0 | It was an extraordinary news story. |
| 0:09.0 | The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny, |
| 0:14.0 | mistaking her for his wife, then somehow just disappeared. |
| 0:18.0 | One of the great mysteries in English criminal history. We're still looking for |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman. This is |
| 0:27.8 | the Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio podcasts. |
| 0:43.3 | Hello, it is a rainy, windy day and we're at the University of Leeds Freshers Week, as thousands of students arrive, meet each other and get to know their new home. |
| 0:48.3 | And we have quite literally set out our stall in the middle of the Freshers Fair. |
| 0:52.3 | Hiya, we're the debate union. |
| 0:55.0 | If you love to argue, come see us at a... |
| 0:57.0 | Hi! |
| 0:58.0 | So we're the Women in Leadership Society. |
| 0:59.0 | We'd love for you to join us. |
| 1:01.0 | This is Quad Ball, originally inspired by the sport of Quidditch from... |
| 1:06.0 | We're leads entrepreneurs. |
| 1:08.0 | We're here to help students start their own business. Hi, we're the Taylor Swift Society. |
| 1:13.6 | I love that there's a Taylor Swift Society, but this year's freshers have an extra challenge. |
| 1:18.8 | Students from England face the prospect of paying back their student loans for an extra 10 years, |
| 1:24.3 | potentially into their 60s, as part of some of the biggest changes to student finance |
| 1:29.3 | for more than a decade. Here's the reaction from some of the students I've been chatting to. |
| 1:33.3 | I don't think that's fair, especially when like, everyone from low-income families deserve to have the same equal chances. |
... |
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