Press Releases
Gonzalo Vina reported on Degrees of Debt for the Financial Times Personal Finance pages.
Students in England graduate with higher debts, on average, than their peers in any other English-speaking country, including the US.
A study carried out by the Sutton Trust, a group that campaigns for greater social mobility, showed the poorest British students run up debts in excess of £50,000 after completing their degrees. But students do benefit from state-sponsored loans where repayments are linked to how much they subsequently earn.
Students will typically face debts of £44,500 following the introduction of £9,000 tuition fees and loans for living expenses of at least £5,330, the Sutton Trust said.
Read a fuller report by Gonzalo Vina published in Thursday’s FT here (£)