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Future graduate placement candidates 'need support' to manage debts

Published: Monday, 16 August 2010   Category: All Graduate job news

The UK's graduate scheme hunters of the future need better advice when they are considering which universities to apply for, it has been suggested.

Tanya de Grunwald, founder of graduate career advice website GraduateFog.co.uk, claimed that parents, banks and the institutions themselves should all contribute to the decision-making process.

She explained that this should give young Britons the best possible chance of emerging with a manageable amount of debt when they finally secure their degrees.

Ms de Grunwald said: "I meet students as they emerge from university - and it's usually only then that they truly appreciate the scale of their debt.

"I hope we will see prospective students being given better advice when considering their options during sixth form."

Those comments come after university guide service Push.co.uk revealed recently that the average student now has about £23,200 worth of debts when they graduate.

The company's latest report suggested that student debt has increased by 5.4 per cent to £5,600 for each year of an undergraduate course since its last research on the issue.

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