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  • FIRST POST
    • MSE Nick R
    • By MSE Nick R 6th Sep 19, 9:40 AM
    • 16Posts
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    MSE Nick R
    Martin Lewis calls on UCAS to stop emailing ads for costly private 'student loans'- MSE News
    • #1
    • 6th Sep 19, 9:40 AM
    Martin Lewis calls on UCAS to stop emailing ads for costly private 'student loans'- MSE News 6th Sep 19 at 9:40 AM
    MoneySavingExpert.com founder Martin Lewis has called on the university admissions service to stop sending out emails with advertising from a private student loan firm...
    Read the full story:
    'Martin Lewis calls on UCAS to stop emailing ads for costly private 'student loans''

    Click reply below to discuss. If you haven’t already, join the forum to reply.
    Last edited by MSE Nick R; 06-09-2019 at 9:44 AM.
Page 1
    • michaels
    • By michaels 8th Sep 19, 6:14 PM
    • 22,833 Posts
    • 104,558 Thanks
    michaels
    • #2
    • 8th Sep 19, 6:14 PM
    • #2
    • 8th Sep 19, 6:14 PM
    Am I the only one who is rather sad that I 'brightest and best' young people who are smart enough to go to university are not smart enough to understand the consequences of taking a loan nor work out the cheapest way to borrow?
    Cool heads and compromise
    • Satyris
    • By Satyris 10th Sep 19, 7:48 PM
    • 4 Posts
    • 0 Thanks
    Satyris
    • #3
    • 10th Sep 19, 7:48 PM
    • #3
    • 10th Sep 19, 7:48 PM
    I'm glad Koen Lamberts had left the University of York before taking up his new VC position and CEO of Ucas before this came out.
    • JayRitchie
    • By JayRitchie 15th Sep 19, 12:21 AM
    • 284 Posts
    • 293 Thanks
    JayRitchie
    • #4
    • 15th Sep 19, 12:21 AM
    • #4
    • 15th Sep 19, 12:21 AM
    I saw an add for future finance on the City University London website. Very concerning.
    • prowla
    • By prowla 15th Sep 19, 6:27 AM
    • 10,654 Posts
    • 9,539 Thanks
    prowla
    • #5
    • 15th Sep 19, 6:27 AM
    • #5
    • 15th Sep 19, 6:27 AM
    Am I the only one who is rather sad that I 'brightest and best' young people who are smart enough to go to university are not smart enough to understand the consequences of taking a loan nor work out the cheapest way to borrow?
    Originally posted by michaels
    They're just kids without your extensive life experience.


    What did you know at 17?
    • grumiofoundation
    • By grumiofoundation 23rd Sep 19, 7:22 AM
    • 152 Posts
    • 139 Thanks
    grumiofoundation
    • #6
    • 23rd Sep 19, 7:22 AM
    • #6
    • 23rd Sep 19, 7:22 AM
    Am I the only one who is rather sad that I 'brightest and best' young people who are smart enough to go to university are not smart enough to understand the consequences of taking a loan nor work out the cheapest way to borrow?
    Originally posted by michaels

    Not to open a can of worms but (from UCAS stats 2018) 28% of 18 year olds go to university.

    Secondly - (as said above) these people are generally only 17/18 with likely limited experiences of finances, some may not have financially experienced friends or relatives to help explain to them.

    Thirdly - as someone who has spent 10 years studying and working at universities can assure you that adults who probably are the “brightest and best (awful phrase by the way)” have pretty shocking financial understanding.

    Fourthly - many many adults are completely incompetent with money. I assume this also makes you sad.

    Unless of course you have always made the “correct financial decision” (unlikely) throughout your life. In this case, maybe, your attitude could be justified.
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