{AF template=round_quotes} Never spend your money before you have it. Thomas Jefferson. {/AF}
Students starting university this year will finish their degree with £25,000 worth of student debt, according to
university guide Push. Funding your student degree is getting tougher and tougher.
Their yearly survey of 2,000 UK students across 139 campuses also revealed that the average annual student debt had increased to £5,600 per year of study – up 5.4% year on year.
The students surveyed were asked to include everything from banks and credit card debts to tuition fees, nut not to include mortgage payments.
Those studying in Wales took the unwanted title of the most expensive place to study in the UK with average yearly debts of £6,411.
English students came off second worst with average yearly debts of £5,293, with Northern Ireland picking up third place at £3,769.
The cheapest place to study in the UK by some distance, according to Push’s report, is Scotland, with an average yearly student debt of £2,637 – although students there pay a lower fee, usually over a four year course.
Johnny Rich, editor of Push.co.uk, said: “We are at a crunch point for student debt. Many talented potential students may shy away when they hear a degree will cost them £25,000.”
The rising levels of student debt will come as a worry for current and future students who have already seen tuition fees rise threefold in recent years. Ways to finance a degree is even turning some students into prostitution.
However, it’s not all bad news for students as Wealthy Student has loads of ideas about how to make and save money at university without having to cut back on the social side.
{AF template=round_quotes} One must be poor to know the luxury of giving. George Eliot. {/AF}