Push Student Debt Survey

The Push Student Debt Survey, an annual survey on the financial position of students’, found that student debt levels are rising – students are averaging more than £5000 of debt each year, up nearly a quarter from last year. Push carried out face to face interviews with 2024 students in years one to four of their course, in over 130 universities.

The survey also found that levels of debt vary considerably between regions and institutions. For example students in England have the highest levels of debt, and some students in London say they will be in over £30,000 of debt when they finish. Students in Scotland have the lowest levels of debt, largely attributed to the government paying for their fees.

Research carried out by the NUS suggested there can be additional ‘hidden’ cost for some students depending on the course they do. For instance maths and computer science students can spend nearly £1500 more than others.

The recession could also be contributing to student debt – particularly in that finding part time work is harder. Finding work after graduating is also increasingly challenging – some arguing that the predicated annual salary for students from ‘new’ universities being lower than other institutions in the current climate.

Despite these findings the editor of Push, amongst others, clearly maintain that the benefits of having a degree far outweigh the costs, and there is support out there, financial and practical, to help students through their university experience and beyond.

What kind of impact do you think this debt report will have on the pending review of student fees?

For more information have a look at the website of Push, the BBC article on the survey and the NUS website.

Last updated at 12:07 Thu 20/Aug/09.
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