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How much student debt did you graduate with? Share your experiences How much student debt did you graduate with? Share your experiences
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Students in England leave university with more debt than anywhere else in the English-speaking world, according to a report by the Sutton Trust.Students in England leave university with more debt than anywhere else in the English-speaking world, according to a report by the Sutton Trust.
Students paying £9,000 fees owe an average of £44,000 when they finish their degrees. American students who study on four year programmes, rather than three, graduate with between £20,500, for those at public universities, and £29,000 for those at private universities. Students in Canada left with £15,000 of debt on average.Students paying £9,000 fees owe an average of £44,000 when they finish their degrees. American students who study on four year programmes, rather than three, graduate with between £20,500, for those at public universities, and £29,000 for those at private universities. Students in Canada left with £15,000 of debt on average.
The trust, a group that campaigns for greater social mobility, warns that the abolition of maintenance grants later this year will leave the poorest students with debts in excess of £50,000.The trust, a group that campaigns for greater social mobility, warns that the abolition of maintenance grants later this year will leave the poorest students with debts in excess of £50,000.
A freeze in graduate pay against a backdrop of rising living costs and skyrocketing house rises has raised questions as to whether university is financially beneficial.A freeze in graduate pay against a backdrop of rising living costs and skyrocketing house rises has raised questions as to whether university is financially beneficial.
Between 2008 and 2015 graduate pay stagnated at £24,000 with more money being spent on debt, without any more being earned. Graduates in 2015 also saw their earnings decline by £500 in 2015 to an average of £31,500. Between 2008 and 2015 young graduates’ – those aged between 21-30 years old – pay stagnated at £24,000 with more money being spent on debt, without any more being earned. Graduates of all ages saw their earnings decline by £500 in 2015 to an average of £31,500, according to the Department for Business, Innovation and Skills.
What’s your experience of student debt? Share your experience, in as much detail as you can, using the form below and we’ll feature a selection in our reporting.What’s your experience of student debt? Share your experience, in as much detail as you can, using the form below and we’ll feature a selection in our reporting.