About time: Financial literacy to become compulsory in schools by 2028
Finally, a bit of common sense from the curriculum gods.
The Government has announced that by 2028, financial literacy will become a compulsory subject for all primary and secondary schools in England. That means kids will be learning the stuff that actually matters - budgeting, compound interest, money management, and yes… MORTGAGES.
As part of wider changes to modernise education, this content will be rolled into new compulsory citizenship classes, alongside lessons on climate change and media literacy.
Money matters - and it’s about time schools said so
According to the Department for Education review, financial education was the most-requested topic by parents and students alike. And it’s hardly surprising - only a third of people even remember learning about money at school, let alone finding it useful.
Research from GoHenry found that 84% of school-aged children want more financial education, while three-quarters of adults agree schools should teach more about money.
Translation: everyone thinks this is overdue.
“kids will be learning the stuff that actually matters - budgeting, compound interest, money management, and yes… mortgages.”
Why it matters for mortgages (and life in general)
Money skills shape everything. From how we budget, save, and borrow to how confident we feel when making big life decisions.
And few financial decisions are bigger than buying a home.
Here’s the thing: even after working in an estate agency for a year, I’ll admit - before I did my mortgage qualifications, I had no real clue how mortgages actually worked. Sure, I knew the basics: you borrow money from a bank and then pay it back over 25 years. But the detail? Fixed rates, ERCs, AIPs, product fees… complete mystery!
Fast forward to now, and I see it every day. Most people don’t fully understand mortgages - and that’s not their fault.
Let’s be honest, no one’s sitting at home on a Tuesday night thinking, “You know what, I’ll brush up on early repayment charges tonight.”
At NG, that’s what we’re here for
Our whole mission is to strip the jargon out and explain how it all works - clearly, honestly, and in plain English. Whether you’re buying your first home or remortgaging for the third time, you should feel confident, not confused.
That’s what “mortgages, simplified.” really means.
A small change, a big step
Teaching financial literacy from a young age won’t just help individuals, it’s good for the economy too. Kids who understand how money works grow up to be adults who can go on to make informed choices, avoid costly mistakes, and build stable futures.
It’s a win for everyone.
But as some experts have rightly said, ‘the hard work starts now’. For this to make a real difference, schools are going to need proper funding, teacher training, and practical lessons that go beyond the theory. Because if we can get this right, we’ll raise a generation that’s not scared of money, but empowered by it!
Final thought
Most of us learn about mortgages the hard way - when we actually need one.
So, if the next generation grows up already understanding what a fixed rate is, or how to budget for buying their first home, that’s progress worth celebrating.
At NG Mortgages, we think it’s about time.