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Medical graduates' debts could get worse
Friday, 12 October 2007
Life after graduation
New medical students could leave university £8,000 more in debt than this year's medical graduates, the British Medical Association (BMA) has warned.
A new survey, undertaken by the BMA, has shown the average medical graduate leaves university with debts of £20,000.
The study also revealed the level of debt amongst first year medical students has increased by 12 per cent compared to 2006 figures, while new top-up tuition fees could lead to an additional graduate debt of £8,000.
Ian Noble, chair of the BMA's Medical Students Committee, said: "These figures are shocking, but sadly not surprising. We have been warning for a long time that variable top-up fees will make student debt much worse."
One in ten medical graduates leave university with debts of over £25,000, with some owing up to £60,000, the survey shows.
Figures released by CreditAction earlier this year indicate the average student now leaves university and enters the graduate recruitment market owing over £12,000.