UK Student Debt Is Rising

Students starting uni this year in the UK will finish off their degree with a whopping £25,000 worth of student debt, according to university guide Push. Funding your degree is getting harder and harder and living within what you get as a student loan is just not that easy any more.
Their yearly survey of 2,000 UK students across 139 campuses also found that the average annual student debt had risen to £5,600 per year of study - up 5.4% year on year. The UK government certainly aren't helping the situation.
The students surveyed were asked to include everything from credit cards, to banks, to tuition fees but nothing to do with mortgages.
Those studying in Wales took the title nobody wanted of the most expensive place to study in the UK with average yearly debts of £6,411. English students came off 2nd worst with average yearly debts of £5,293, with Northern Ireland picking up 3rd place at £3,769.
The cheapest place to study in the UK by some way, according to the report, is in Scotland, with an average yearly student debt of £2,637 - although students there pay a lower fee, usually over a 4 year course.
Editor of Push, Johnny Rich, says: "We are at a crunch point for student debt. Many talented potential students may well shy away when they hear a degree will cost them £25,000." This could be a great loss to society at large with local businesses losing out from the extra business of students but with more wider implications that the next generation will be less educated than the last. Are we finally seeing that we'll have to educate ourselves through our lifetime?
The creeping levels of student debt will come as a worry for current and future students who have already seen tuition fees rise 3 fold in recent years. Ways to finance a degree is even turning some students into being prostitutes. This is helping give rise to more STD problems due to the rising debt. It isn't right that students have to turn to this in order to finish off their degrees.
However, it's not all bad news for students as Wealthy Student has loads of ideas about how to make and save money at uni without having to cut back on the social side of life. Come and visit us.

If you're a student looking to build a good student life then visit our site and we will provide you with all the student debt information that you need.

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