Martin Lewis on student loans and parental contributions
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Martin Lewis informed fans that he is very passionate about “debunking student myths”. The Money Show Live host apologised to viewers for being “too loud” while speaking on the matter, following his appearance on the penultimate episode of the series.
In his tweet, Martin touched on the subject of “social mobility” for the next generation, some of whom he said have been put off attending university because of high tuition fees.
Fees rose to £9,000 annually during the academic year of 2017-2018.
On Thursday night’s instalment, the father-of-one spoke about student loans and broke down living loans, which are means-tested.
He also spoke about the expected parental contributions element.
Following the programme, he tweeted: “I’m on way home from @itvMLshow studio.
“Debunking student myths is a big passion of mine – we must explain it or young people are put off uni for wrong reasons (oft by politicians), terrible for social mobility.
“So if I got too loud, sorry,” the financial expert continued.
“Hope you enjoyed it #MartinLewis,” he signed off.
Many took to the comments section to share their thoughts on the matter.
“Stay loud, we need you that way,” one viewer urged.
“Your doing a great job at this now just for students to learn not to use overdrafts and credit cards whilst at uni leaving massive debts afterwards,” another added.
A third remarked: “@MartinSLewis and @itvMLshow: that was one of the best shows yet. Your show should be on every week,” adding: “I also agree with other people who say that you should replace @piersmorgan on @GMB.”
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Other parents shared their experiences with student finance.
“When I was a student university was affordable with a grant and a part-time job. That’s no longer the case for our children thanks to the ridiculous hike in tuition fees. Too many kids are missing out because parents can’t afford to support them at uni.”
However, another added: “Both my kids listened to this advice from you years ago. Eldest now has a first class masters degree, younger on completing masters this year. Neither worry too much about their student debt thanks to you.
A third pointed out that university was not the only option.
“We must not forget that Uni is NOT the only option. Craft Apprenticeships (Brickies, Sparkies, Chippies, plumbers, gas engineers etc) are just as vital as Uni degrees both for those who do them and the society that benefits from their subsequent skills.”
With one more show in the series, Martin admitted that he was looking forward to the break.
When quizzed about another series, he said it was down to ITV to make the decision.
“Great show Martin… penultimate …. another series?” the Twitter user asked.
“Yes next week is the last. And I am glad of the rest if honest.
“My hope is that we’ll come back and do the same from Sept to March again next year. But that’s up to ITV not me, here’s hoping,” he added.
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