Funding further and higher education can be an expensive business, given that there are now charges for fees and far fewer grants.

Fortunately, the government as provided a cost-effective way for students to borrow money via the Student Loan Company. A Student Loan is offered at a favourable rate of interest which is linked to the underlying rate of inflation. The interest is applied to your loan as soon as you receive your first instalment.

The repayment terms are flexible too - you only start to pay once your income reaches a certain level.