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Scottish students less likely to leave university in heavy debt

Published: Thursday, 15 July 2010   Category: Life after graduation

A much smaller number of Scottish students will rack up debts of over £20,000 than their counterparts across the remainder of the UK according to research.

An annual survey from the Association of Investment Companies found that just seven per cent of Scottish students expect to owe the sum upon leaving university.

This is in comparison to 34 per cent of graduates across the whole of the UK.

Reasons for this reduced number are considered to be the fact that Scots do not have to pay tuition fees, while they are also more likely to live at home with parents while completing their studies.

According to the Scotsman, the Scottish government said: Today's figures once again show that Scotland's graduates are leaving university burdened with far less debt that their counterparts elsewhere in the UK.

"That is why we scrapped the graduate endowment and the reason why we have ruled out a return to tuition fees."

However, it was additionally discovered that Scottish students are more likely to worry themselves in terms of the difficulty of finding a job once they graduate.

Scots were recently presented with a graduate jobs boost following the news by Hays Scotland that both permanent and temporary recruitment in the country have showed signs of improvement.ADNFCR-1068-ID-19892367-ADNFCR

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