Designed for students who started university from September 2023 onwards, Plan 5 will affect how young adults borrow, repay, and experience the cost of higher education from April 2026 onwards.

In November 2025, the UK Government officially confirmed that financial education will become compulsory for all primary school children from September 2028 as part of a major overhaul of the national curriculum. This landmark decision follows the Curriculum and Assessment Review led by Becky Francis, which highlighted financial literacy as one of the most urgently needed life skills for young people today.