Credit crunch 'will not affect student finances'
A spokesman for the National Union of Students (NUS) has claimed that the fallout from the credit crunch has not had a major impact on this year's student intake.He suggested that part of this could be down to the widening of the eligibility criteria for government grants - something that the NUS has welcomed."I have not seen too much to suggest that banks are overly worried about students. The risk outlay on students is that much less than for giving out a mortgage and they also take the view that a graduate is likely to be a customer for the rest of their life and they are willing to take that risk," the spokesman explained.However, he suggested that the impact of the credit crunch may become "more apparent" in next year's intake.Similarly, he suggested that it will take a "couple more years" before the full benefit of the widened criteria for government grants can be properly assessed.
Share this..
Related stories
EDF is latest Energy Company to hike Prices
EDF Energy has become the latest in a long line of providers to hike their energy prices, after moves by British Gas, SSE, Scottish Power and npower to do the same in the past month. There seems to be little doubt that energy companies have used one another as an excuse to up prices, and have found safety in numbers, leaving consumers with nowhere to turn. EDF say that there are around 1 mi...
Read MoreUK retailers hoping for a cold snap
UK retailers are praying for a cold snap as we approach the festive period with unseasonably warm weather set to impact upon the sale of traditional warmer items on the high street. While it is unlikely that this period of relatively warm weather will continue for much longer, the longer it does continue the more impact this will have on the UK high street and the UK retail sector.
...
Redundancy fears sweep the UK employment sector
A number of redundancy advisory businesses have announced a major increase in enquiries from the UK public as more and more people face the threat of job losses in the short to medium term. While there are a number of plans open to those who lose their jobs or have their income severely reduced, this is the first time we have seen a substantial increase in enquiries for a number of years.
<...
Gordon Brown and the US bailout
Oh how Gordon Brown will love news that the US Treasury is set to take a lead from his rescue plan and inject $125 billion directly into shares in the US financial sector. While the package is part of the $700 billion package which seems to have been ongoing forever Gordon Brown is now being billed as the saviour of the worldwide banking sector - he even has Noble Prize Winners talking about him...
Read MoreIs The Economic Straightjacket Tightening?
This week saw the largest weekly decline in two year UK government debt notes for 14 years with traders concerned that the recent spate of interest rate reductions in the UK may be at an end. The move was prompted after the Bank of England’s recent review of inflation which suggested that the rate could nudge towards 4% in the short term. Many experts believe that we are unl...
Read More