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Graduate debt 'to hit £20,000'
Wednesday, 13 August 2008
Life after graduation
Those looking for graduate jobs will start with a debt more than £20,000, according to a new survey.
According to university guide firm Push, the rising cost of food, travel and rent will add around £4,000 extra to student debt, reports the Daily Mail.
Speaking to the newspaper, Johnny Rich, Push series editor, explained that while some will face hardship, the amount of money they will earn in graduate jobs means that attending university is still worthwhile.
He said: "The advantages of having a degree still vastly outweigh the costs and the Push survey shows that."
People concerned about the amount of debt they have accrued should seek advice, Mr Rich added.
Yesterday, the Times reported that those who attend the best UK universities earn more on average than those who study at former polytechnics.
According to a report by the Centre for Economic Performance at the London School of Economics, this is because firms offering graduate jobs put a premium on degrees from top institutions.