Recession causes more uni debt problems
19/08/2010Eight out of ten (82 per cent) parents say that the recession has increased the financial strain of sending their children to university, leaving many to seek debt solutions.
With A Level results out today, the Association of Investment Companies (AIC) has published its annual survey into attitudes towards studying.
They point out that saving £50 a month since their child’s birth would virtually cover the average university debt of close to £25,000 (£24,702), but this comes too late for parents whose offspring are heading to university now.
The report also shows that more than half (55 per cent) of students fear that they will simply join the numbers out of work after graduation, whilst a third (32 per cent) would turn their back on their dream job if a better-paid one came along to help mitigate their debt levels.
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