Graduate debt leaps to £10,000

Graduates
could be up to £10,000 in debt by the time they find employment, according to a
new survey.

Students
leaving full-time education this year will face this huge financial burden
which represents an increase of £7,000 from 1999 figures.

The
survey of 2,000 students by NatWest bank showed record levels of debt with only
15 per cent of graduates leaving university owing nothing.

This
year’s leavers are the first to go through the entire system under tuition fees
and without grant funding. Almost half of those surveyed admitted they were
worried about money.

www.natwest.co.uk

By Ross Wigham

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