Graduates Still in Debt Ten Years After Graduation!

UK University Graduates Are Floundering in Debt Thanks to the Burden of Loans, Student Overdrafts and High City Rents.

MR English
A survey of 5,000 UK graduates has revealed some startling facts about life post-graduation for recently employed workers. UK careers website www.WikiJob.co.uk has found that only one in ten graduates have paid of more than ten percent of their student loan by their 25th birthday according to responses from site users. Even more shockingly, 20% of graduates are still paying-off loans totalling more than £10,000 in their 30's!

It seems that the "buy now-pay later" ethos and spiralling costs of University tuition and city rent is costing students too much money. They are forced to borrow huge amounts, just to get through their studies, and are then stuck with a great deal of debt, preventing them from buying a house themselves or doing things like starting their own business.

"Student are really stuck in this country" says WikiJob.co.uk editor Edward Mellett. "A combination of factors are putting financial pressures on students and young graduates and most of them are struggling. This then gets compiled with soaring house prices, particularly in London where most of the graduate jobs are and an increasing interest rate... things are very hard for young people in the UK"!

A spokesman from the department of education was unavailable for comment.

The results of the student financial survey by WikiJob will be published on Dec 12th on http://www.wikijob.co.uk.

Published by MR English

An eccentric English man living in London  View profile

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