Private student loan firm criticised over high interest rates

Students have been warned not to take up offers of loans from a private finance company following claims over high interest rates and misleading advertising. Future Finance was set up in 2014 to provide tuition and maintenance loans for students who are no longer eligible for government loans or for whom those loans do not cover their education costs. Academics and student advice services have urged students seeking to finance their education not to use the services of a firm called Future Finance, claiming there were serious questions about the kind of deals it offers. It says it offers students the option of making repayments as low as £5 a month while they are still studying and having to…

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