Students Under Financial Stress

By Julie Hare for The Australian. Two-thirds of all Australian university students live on less than $20,000 a year, with one in five surviving on less than $10,000, placing them below the poverty line and facing rising levels of debt. A report by the group Universities Australia, to be released today, says the average debt carried by an undergraduate student has soared over the past six years, rising from $28,800 to $37,200. Read more...