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Graduates opt out of the gap year

Published: Monday, 15 October 2007   Category: Life after graduation

The idea of a gap year spent travelling around the world is becoming less attractive to students, a new survey has found.

Concerns over student finance have meant that while nearly one in four of those heading to university next year plan on taking a year off and over half of those aim to spend that year working, the NatWest research revealed.

The survey also revealed that 17 per cent of those looking to apply for university believed it would take them ten years to pay back their debts after graduation, a situation that has the potential to affect graduate recruitment choices.

"Our research shows that students are becoming more aware of the financial realities of university," said Mark Worthington, head of student banking at NatWest.

"In light of this, it is encouraging to see that school leavers are preparing for university with their eyes wide open and putting their gap years to such a good use," he added.

Figures published by NatWest earlier this year indicated that university leavers entering the graduate recruitment market can expect to be in debt by over £12,000.ADNFCR-1068-ID-18317307-ADNFCR

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