An Association of Investment Trust Companies (AITC) study has shown that students expect to graduate with £6,199 of debt while parents estimate £7,080, but the real figure is £13,500. Annabel Brodie-Smith, communications director at the AITC, commented: “It’s concerning that…
Stephen Lea, professor of economic psychology at Exeter University, said consumers were “pretty cheery” about getting into arrears for products such as cars and holidays. He told BBC Radio 4’s Today programme that this was almost inevitable: “Students in effect…
Lloyds TSB has already embarked on a programme to educate school pupils about student debt and has produced a parent’s guide. “I think debt is a part of student life unfortunately now because of tuition fees and top up fees,…
According to Lloyds TSB, a student embarking on a three-year course can expect to face an average living cost of £16,146, while those in London are even worse off with an average standing at £20,358. Marcus Banks, of Lloyds TSB…
Continue reading the "Parents must teach undergraduates about debt" »
High levels of student debt mean that the majority of graduates are increasingly sceptical of their chances of getting on the property ladder. The need to clear debt before saving up for a deposit means that more than a third…
Continue reading the "Struggle to clear debt keeps graduates from housing ladder" »
Vincent Cable, the party’s economics spokesman, said that the four-fold increase in the amount of young bankrupts since 2001 showed a “pressing need” for financial education. “There is now a pressing need for better financial education for the young. This…
Continue reading the "Lib Dems accuse government of “alarming complacency”" »
Over a third of students are doing “non-graduate work” according to the Higher Education Statistics Agency (HESA), such that they are saddled in low paid jobs with a mountain of debt from their studies. “With increasing levels of student debt…
Continue reading the "Graduate jobs failing to justify debt" »
According to the Association of Investment Trust Companies (AITC), parents are underestimating graduation debt levels by nearly half the true amount of £13,500. “This year parents and future students have underestimated by a greater margin the amount of student debt…
Continue reading the "Parents underestimate children’s debt" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
