student debt

Students entering into institutions of higher learning this Autumn of 2009 are expected to graduate with debts of £23,500 according to new research that is being widely reported across UK media. Those students in Northern Ireland, England and Wales will be paying the most while students in Scotland, where higher education is paid for with taxpayer funds, are expected to amass a debt only half the amount of those in other areas of the UK.

With the cost of higher education expected to rise by a full 10% in coming years, many potential students may find themselves unable to afford a degree of their own. This news comes along with word that Goverment may lift the £3,100 cap on tuition fees since some vice-chancellors are calling for a doubling of fees after an expected review of funding levels which should take place later this year.