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Students concerned about graduate debt

Published: Tuesday, 31 March 2009   Category: Government policies

Students about to embark on a university course are worried about the amount of debt they will face at the end of the three years and are trying to cut costs of higher education where possible.

A new survey by the UK Youth Parliament said that more than one-third of prospective graduates were planning to choose a university closer to home to avoid paying rent and increasing debt.

Sixty-four per cent anticipated negative effects for students caused by the recession including a lack of opportunity for part time work while studying.

A similar study by the National Union of students has found that 80 per cent are concerned about their chances of getting a graduate job after leaving university, a problem made worse by accumulated debt.

Recent research by Warwick University found that an undergraduate degree adds at least £3,000 per year to graduate salaries, with those having achieved good results in law and economics gaining the highest figures.