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Shadow minister says student debt is a "fair deal"

Published: Friday, 03 April 2009   Category: Life after graduation

The shadow education minister spoken out about high student debt levels, stating that a good quality education will boost earnings in the long run.

Commenting on a Coventry University survey which showed many undergraduates will leave university owing around £20,000, David Willetts said this is a "fair deal" if they have had high quality teaching, reports the Coventry Telegraph.

The newspaper quotes him as saying: "A high quality education is going to boost their life time earnings by far more than that," while visiting the university's campus earlier this week.

A survey carried out by two students at Coventry University in March highlighted that the average debt people expect to have when they graduate is £14,750, but a third of those questioned predicted they would owe more than £20,000, reports the publication.

Fifty-four final year students were questioned during the study, all of whom were among the first undergraduates to face tuition fees of £3,000.

A study from Warwick University recently highlighted that arts and humanities students can expect their graduate jobs to pay approximately £2,800 more than if they had gone straight into the workplace from A-levels.

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