Proposed changes to student loan repayments

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 2 October 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

People in England and Wales who started university from September 2012 could see their student loan repayments rise by hundreds of pounds a year.

Economic abuse has grown during the pandemic. We talk to one woman who was forced into debt by her husband.

And one 82-year- old wants to know where his £1200 savings bond has gone which he took out in 1986. How do you trace old financial products?

Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Anita Langary Production Coordinator: Janet Staples Producer: Alex Lewis /Charmaine Cozier Editor: Emma Rippon

Transcript

Click on a timestamp to play from that location

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. Hello, welcome to this Moneybox podcast.
0:39.6	Economic abuse has grown during the pandemic.
0:42.4	We talked to one woman who was forced into debt by her husband.
0:46.1	How do you trace lost financial products and free broadband for some people on universal credit?
0:52.9	But first, everyone who started university in England or Wales from September 2012
0:57.6	could see their student loan repayments rise by hundreds of pounds a year.
1:02.6	The suggestion comes this week from the Conservative peer, Lord Willits.
1:06.5	He introduced the current system of tuition fees for students
1:09.6	and he now says graduates should pay more towards the cost of their education. At the moment, they don't start paying money off their debt, which averages around £45,000, until their earnings hit £27,295 a year. Lord Willett says, though, that figure should be as low as £21,000.
1:30.3	Recent graduate, Ojoa Acoamoa, tells us what that would mean for her.
1:34.3	I think this is going to have massive financial implications for recent graduates, people of my age and my peers,
1:40.3	because as it is, I mean, national assurance is already increasing, which is obviously going to have
1:45.2	significant impact on everyone's take home pay, especially at a time where inflation is going up and wages aren't really rising at the same rate of inflation.
1:54.1	And the cost of livings obviously are much higher.
1:56.5	And I mean, for many graduates, when you finish university, you're moving back home from your
2:01.2	university city and you've got all the financial implications that are attached to that, and then
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.