August 14th in National, News by Editor .

Long hangover – student debt

Are you still feeling the remnants of hangovers from your student days? If so you might at least consider yourself lucky that you are now paying them off. A Push survey of 2,000 students who started university in the UK last year shows that they can expect to owe more than £17,500 by the time they leave (for full stats check out this BBC article). The poll also suggests that the average debt tops £4,500 for each year of …

Charles Tyrwhitt UK
 

Are you still feeling the remnants of hangovers from your student days? If so you might at least consider yourself lucky that you are now paying them off. A Push survey of 2,000 students who started university in the UK last year shows that they can expect to owe more than £17,500 by the time they leave (for full stats check out this BBC article). The poll also suggests that the average debt tops £4,500 for each year of study.

It can be pretty tough to start your working life lumbered in this way but…

Series editor of Push.co.uk Johnny Rich said "Even so the advantages of having a degree still outweigh the costs and the Push survey shows that – with high quality advice and information – students can keep their debts while still enjoying the benefits of university."

At a time when even young professionals are feeling the effects of the credit crunch and rising costs of living, taking on such a large mound of debt seems like a hefty burden. Despite this, students in the midst of their studying, boozing et al might think that they are the lucky ones. Surveying the layoff carnage in the legal profession right now, with lower ranks taking the brunt of the pain; a few years of study to ride out the storm might seem like a comfortable retreat…

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  • me
    August 14, 2008