If your child is about to head off to university, should you make him take out a student loan and start working life with a whopping debt (the average is now £44,000)? Or should you dig deep and pay his tuition fees yourself? It’s a question that will be on many parents’ minds this month – but there is, sadly, no simple answer.
Until 2012, student loans were so cheap that you might as well have taken the money, whether you needed it or not. No more. The rate on loans taken out under the new system is [...]