Tuesday, February 7, 2012

Student debt nears £60,000 for 2012 university freshers, survey predicts

NUS president says students are left with "small mortgage" is outrageous

Students who begin college in England next year, after the introduction of higher tuition fees, should expect to finish the race, with £ 60,000 debt approach, according to a survey released today.

La Push, Independent Student Guide 2808 asked students from 115 universities in the UK how much they owed to banks and their parents, and the amount they had borrowed in student loans. Expected levels of debt in the future is taking into account the increase in tuition this year and next.

students are now accumulating an average debt of £ 5,681 a year, according to the survey. In England, the average debt is £ 5.876, £ 6.231 in Wales. Northern Ireland and Scotland £ 4319 £ 2025

Those who began studying in 2008 graduated with £ 22,000 debt. This will rise to £ 24 100 for those who started classes last year and draw up to 26,100 pounds for people who enroll in the fall, according to the survey.

But freshers starting school next year to face the largest increase in debt to an average of 53,400 pounds.

those studying in England, where rates are estimated at an average of £ 8,630 next year, expect to end college with a debt of nearly £ 59.100.

On average, a quarter of student debt are due to sources other than the Student Loans Company, with 13% by parents and family and just under 7% borrowed from the banks or credit cards.

Johnny Rico, director of Push, said the government had failed to explain how students are faced with debts of over £ 50,000.

"For students this year and in the future has never been more important to understand the differences between universities," he said. "It's not only the debts that are highly variable - the whole experience of students in various institutions have and what they can benefit also vary."

Liam Burns, president of the National Union of Students, said ministers seemed "I think it's okay to hang out a lot of debt equivalent to a small mortgage to someone's head while studying.


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