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One third of professional parents have moved to be closer to good schools


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30 Dec 2013

One third of professional parents with children aged 5 to 16 have moved to an area with good schools, according to a new report.

The report published by the Sutton Trust, entitled Parent Power?, interviewed 1,173 parents with a range of background, 18% of which admitted to moving into a catchment area of a desirable school. 

By contrast, 38% of professionals with children asked said they had done the same. The number of which had hired a private tutor to help their children was also much higher....

Government to cap pay day loan interest rates


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29 Nov 2013

The government is to cap the levels of interest ‘payday’ lenders can charge borrowers.

The Financial Conduct Authority (FCA) is yet to decide at what level the cap should be set and will seek consultation with lenders before doing so.

In Australia a 4% interest cap for such loans is already in place. 

There is “growing evidence” to support the move, according to the treasury. The FCA were reluctant to impose such a measure last month, but have seemingly u-turned on their decision. ...

University leader predicts £20,000 tuition fees for students


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11 Nov 2013

Financially struggling universities with a ‘high brand value’ could charge much more in the future.

Professor Nick Petford warned that universities will face additional economic pressures as student numbers increase, which could force them to increase home students’ fees.

Student tuition is presently capped at £9,000 for British school-leavers....

Students spending more than commuters on travel due to high rent


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2 Aug 2013

Students are spending ‘millions’ on transport as rising monthly rents are pushing them further and further away from campus. 

According to recent figures, nearly four in five students make a 22-mile round trip to attend lectures at their university. This is significantly further than the average commuter, who is estimated to travel an average of 8.9 miles to work....