To think Money Saving Expert Martin Lewis should fully update his student finance advice?

[trendbender]

I know Martin Lewis writes various blogs and news articles, but the main Student Finance articles on his MSE website is here: www.moneysavingexpert.com/students/student-loans-tuition-fees-changes/ (last updated June 17th 2022)
... and his infamous fee calculator is here: www.moneysavingexpert.com/students/student-finance-calculator/
Both pages refer to student loan interest as currently 4.5%, but for students starting in Sept 2022 it will be 7.3%. Graduate starting salaries are also increasing with high inflation. These increases might lead to different decisions about whether to pay upfront or not (for those that can afford it). But he isn't updating his website to reflect that. I realise a different repayment model will be introduced in Sep '23, so he will probably do an update for that. But Sep '22 starters need accurate information now.

Aibu to think he should be updating it for Sep'22 starters?

It's a business, not a charity, so should be up to date. Martin has made a lot of money from MSE over the years!

You do realise the MSE website is a business with lots of staff!

Pay for a financial advisor. What a tightwad!!

I'm sure Martin is ever so sorry that the information provided on his website, is not beneficial to you at this exact moment!.

@Badbadbunny Yes, we do. It's also a free service. They make money on ads / links. Not their advice.

Is an enormous website - it's hardly surprising that elements are not fully up to date when things move so quickly.

Anyone going to get a degree should be intelligent enough to work out how their student loan works. Get DC to look into it for you and then explain it to you.

Once a student takes out loans (my 21 year old son starts uni sept) it really doesn't matter about the interest rates as the loan is inevitable and mahoosive debt.

You act as though once you've made the decision to take out a loan you're tied into 3 year contract you can never escape - that's not the case.

At the very worst if a sept 2022 uni starter (and one of the very small numbers who had the option of paying upfront anyway)
took out a loan and then realised that it would work out cheaper for them to pay upfront they could at any point not take out further loans for years 2 and 3 and/or pay back their first year loan. The absolute worst that could happen is they accrue a small amount of interest in the meantime and for students who are able to pay upfront that's a very small financial "loss" compared to the vast amount of their peers who will never pay back their loans, so I can't find it to feel too bad for them, particularly as the information is available elsewhere.

Hopefully their university education will teach them not to rely solely on one (non authorised - as in MSE makes clear it is only provides advice and unlike, for example the student finance website is not under any legal obligation to be up to date or accurate at all times) source...

Actually, what difference does the year on the calculator do? You can change the RPI assumption in the calculator itself…

tbh the calculator is mostly meaningless, as repayments and interest are so heavily based on income and pay rises that any student starting university will have NO idea of (unless doing something that will put them into specific bandings, like nursing or medicine).

Make your own calculator. Then you can have control of what it says.

YABVVU.
So ‘people’ have tweeted … and been ‘ignored’. Have you personally complained using the ‘broken link’ facility?

Critical thinking 101 : Always operate on the basis that everything you read might not be accurate. Unless it comes from an official source , like the gov.U.K. Website.

MSE isn’t a paid service. They have no legal obligation to provide you with fully accurate advice. They ‘should’ be updating their website, yes, but they’re allowed to make mistakes. Unlike a chartered financial advisor, solicitor, or any other regulated, paid for party.

And there’s a disclaimer on the footer that states all this too…