Martin Lewis issues stark warning to parents over hidden cost
Martin Lewis issues warning to parents over ‘hidden’ university cost
- Martin Lewis has warned parents about a "hidden" cost of university, urging them to start saving immediately for their children's living expenses.
- He explained that student living loans are means-tested, with children receiving a smaller loan if their family income, including two parents, exceeds £25,000.
- Lewis highlighted that this £25,000 income threshold has remained unchanged since 2008, despite inflation rising by 64 per cent.
- He described this policy as "outrageous," emphasising the need for parents to plan early to ensure their children have sufficient funds for university living costs.
- Watch the video in full above.