UCAS now says it’ll STOP advertising private loans which could see students pay back £13,700 for borrowing £5,000

According to Daily Mail, UCAS will stop sending out emails advertising private student loan provider Future Finance, the student charity announced today, following a backlash over its marketing of high cost loans.

The charity, in charge of university applications and a trusted source of information for students, said it will ‘pause its activity with private loans companies’ and set up a group to advise on future adverts.

The latest adverts, sent out last month, included a disclaimer telling students to check eligibility for government funding before considering alternative funding options and that the charity was not endorsing the adverts.

It appears to have taken the criticism on board. UCAS said in a statement posted on its website today: ‘UCAS takes its responsibility to provide neutral and trusted information very seriously.’

Read full article here UCAS now says it’ll STOP advertising private loans which could see students pay back £13,700 for borrowing £5,000

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