The rise of student debts in the UK of the 2015 graduates following the increased fees

By Deena Al Hilli. University students graduating from class 2015 are said to have the highest student debts in history according to the recent UK graduate career survey, by High Flyers Research. This is the first cohort of graduates that have had to pay the increased university fees of up to £9000 which has left many of them with average debt of more than £30,000. This is more than a £10,000 increase to the students who graduated in 2012. This figure will be even higher for medics who have to study five years, sometimes six depending on the university, which could potentially leave the students with debts that they can’t pay back or will be paying back for majority of their working life. This figure is lower than the predicted figure of £53,000 than that predicted in 2011 by The Push University Guide[i]. However the UK graduate career survey study also shows that more students are now likely to find jobs than in previous years[ii]. More...