UCAS takes its responsibility to provide neutral and trusted information very seriously. A key role we play for students is providing them with information and advice on financial support and choices, such as opening their first student bank account.
It is clear funding options are continuing to evolve and the cost of living while at university is a key consideration for students. It is our responsibility to help students understand and navigate all their choices.
As this is a developing market, we listen to feedback from students and valued colleagues across the education and financial sectors, including MoneySavingExpert, to ensure we provide students with appropriate choices, including those that are commercially available. Based on that feedback, we decided to pause our activity with private loans companies, and no further activity is currently planned.
With our new UCAS Media Advisory Group, which we are currently recruiting to, we will continue to review this maturing market and further develop a set of principles to incorporate into our advertising framework.
As a registered charity, UCAS depends on almost half its income from UCAS Media’s campaigns, keeping application fees low.
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UCAS Press Office
01242 545 469
Notes for editors
UCAS, the Universities and Colleges Admissions Service, is an independent charity, and the UK's shared admissions service for higher education. We manage almost three million applications, from around 700,000 people each year, for full-time undergraduate courses at over 370 universities and colleges across the UK.
UCAS Media is the commercial subsidiary that is wholly owned by UCAS. UCAS Media generates commercial revenue in support of UCAS’ charitable objectives and ambitions by connecting clients to engaged audiences and offering strategic consultancy and insights services. UCAS Media collaborates closely with its clients, who consist of education and local and global commercial brands.