Advice for parents on student finance

It's a good idea to apply for a student loan at the same time as applying for university. Photograph: AlamyMost young people leaving home to go to university will be managing their finances for the first time. So what do they need to know – and how can you, as a parent, help them? The major source of financial support for students is a maintenance loan, which will be paid back in instalments once they have graduated and are earning more than £21,000 a year. Students can apply for loans

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