The fact that thousands of prospective university students can expect to graduate with “ridiculous” levels of debt is “not right”, according to one 20-year-old studying at the University of Lincoln.
Laura Collins is aiming to get a degree in forensic science and she explained to the local news provider This Is Lincolnshire that she tries not to dwell on the debt management difficulties likely to arise when her studies are complete.
And Ms Collins’ comments come after research from Push.co.uk showed that a typical student at the University of Lincoln adds to their debt management mountain to the tune of more than £6,000 per year.
Welfare and liaison officer for the University of Lincoln’s Students’ Union Time Haughton said: “Unnecessary debt can be avoided through budgeting and careful monitoring of your own spending.”
However, he noted that “getting into debt is almost inevitable being a student especially when taking out a student loan”.
Search engine service Moneyfacts.co.uk warned students recently that credit card debt accumulated while at university can often become a long-term financial burden.