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Cash worry extends from graduates to undergraduates
Friday, 21 September 2007
Both graduates and undergraduates find themselves under massive financial strain because the student maintenance loan is far too low, experts have claimed.
The National Union of Students (NUS) suggests that the only way to address the problem is to increase the borrowed amount so students can make ends meet more comfortably.
Explaining the need for the government and the Student Loan Company to provide better support, a spokesperson for the NUS said: "We certainly think the maintenance loan should be a maintenance loan in that you should be able to live off it, and if that isn't possible then it should be increased so students can."
She added: "More students are working, and we can only presume those students are working because they don't have enough money to buy essentials."
The gross amount of student debt for this year alone in £3.2 billion, an increase of 167 per cent from a decade previously.