UCAS criticised for promoting ‘inappropriate’ private loans to students
University admissions service UCAS has been accused of promoting “inappropriate”, high-interest private loans to students. UCAS Media sent an email to those who had opted in to receiving marketing emails which included an advert for Future Finance, offering student loans with interest rates of between 8% and 23.7%. UCAS has been criticised because these loans are very different to government-funded loans which currently have a maximum interest rate of 5.4%, and are only repaid once graduates earn a certain amount. Students must start paying off Future Finance loans while they are still at university.
Government promises new guidance on cost of branded school uniforms
The parliamentary inquiry into school holiday poverty has heard that blazers, trousers and socks can cost up to three times more when embroidered with school logos. There is no legislation relating to school uniform in England, however the Department for Education expects schools to take account of its published guidance that they should keep compulsory branded items to a minimum.
Eversmart Energy collapses to leave 29,000 customers without supplier
Eversmart Energy, which had more than 29,000 customers has ceased trading, becoming the sixth supplier this year to go bust. Industry regulator Ofgem said it would appoint a company to take on all of Eversmart’s customers. Eversmart is the 13th supplier to drop out of the UK market since the beginning of last year.
Fraudsters already targeting new measures to prevent online fraud
It has been reported that scammers are already mimicking official bank emails informing customers about the new authentication rules for accessing online banking and making payments online, by including a scam link for victims to click on.
Parents and guardians given extra time to claim back childcare costs with Universal Credit
The government has announced with effect from 3rd October, working parents and guardians will be given an additional month to apply to be reimbursed for childcare costs. Previously those reporting costs had to do so in the same month-long Universal Credit assessment period in which they were incurred.