Student debt to reach £23,500

According to new research by the university guide Push, students starting university this autumn can anticipate to graduate with debts of up to 23,500, The Telegraph reports.

Total student debts could soar even higher if the Government lifts the current 3,100 cap on tuition fees. A review of funding levels will take place later this year and some vice-chancellors of universities are already stating that fees should be doubled.

A spokesperson for company Gregory Pennington commented: “At a time like now – when the graduate job market is weak – many students will be facing post-graduate life without a steady income and may find it difficult to repay their debts.

“However, it is not due students who are feeling the effects of the recession. Many people have suffered a drop in income, and are having to take on debt in order to afford essential living costs.

“Anyone struggling to meet their day-to-day expenses or service their debts should contact a professional debt adviser considered in the state of soon as possible.”



Gregory Pennington offer debt government plans as well considered in the state of a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.

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