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Graduate debt 'set to rise'
Thursday, 04 September 2008
An increase in tuition fees could mean that graduates face mounting debt, according to a new study.
The Nation Union of Students (NUS) predicts that an increase in fees expected to take place next year will mean that those attending a leading university could face leaving study with £37,000 worth of debt, reports the Times.
According to the NUS study, the "benign" repayment conditions attached to student loans could also be changed.
It predicts a higher rate of interest and the discontinuation of an automatic loan write-off after 25 years.
The report states: "In a period of national stringency, it is clear that the treasury can not continue to allow the level of subsidy on student loans to rise."
Meanwhile, anyone looking for graduate jobs should ensure that they have the 'soft' skills required by employers.
According to Martyn Sloman, learning and development advisor at the Chartered Institute of Personnel and Development, these can be learnt through work experience.