Student Debt
Student Debt
With the total cost for completing a 3 year university course now averaging £33,631, or £38,641 if you study in London, student debt has become a big problem for many people attending university. If you do a 5 year course, such as medicine, then the total cost goes up to £57,303 or £66,372 in London. The prospect of huge student debt is putting some off from going to university at all, or encouraging them to study close to home so they can continue living with their parents and save on accommodation costs. The average student debt for graduates is thought to be anything from £10,000-£20,000, with expenses including things like:
- Tuition fees
- Rent
- Books/Equipment
- Food and Utilities
- Entertainment and Travel
If you're struggling with student debt, get free help and advice
If you get into significant student debt, there are various places you can go for advice, such as your financial aid office or the Citizens Advice Bureau. In the past, some have written off their student debt by declaring bankruptcy, but this is no longer possible, as new legislation was introduced to prevent it.
Alternatively click on Student Money advertising links below:
Student Money News Headlines