Borrowing & debt

Ucas to stop advertising private loans to students | Education

Ucas, the university admissions service, has agreed to stop advertising private loans to students following pressure from the consumer finance expert Martin Lewis and a rebuke from the Charity Commission. Lewis and his organisation Money Saving Expert criticised Ucas last year as “tainted” for marketing commercial loans to students as young as 18 through its mailing lists, after it carried advertising for a private provider that offered loans of up to £40,000. Ucas, a charity that processes admissions on behalf…

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Charity regulator warns Ucas about marketing loans to students | Education

The Universities and Colleges Admissions Service has been rebuked by the Charity Commission over its role in the marketing of private loans to students and school-leavers, with the regulator warning that Ucas needs to rein in its commercial arm. The commission’s intervention followed direct mail and email marketing sent to students last month by Ucas Media – Ucas’s commercial subsidiary – advertising Future Finance, a company offering private loans targeted at students. After a complaint by Martin Lewis, the consumer…

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