References

 

A study found 73 per cent of graduates will take so long to repay their debt they will qualify for it to be written off after 30 years – when most will be at least 51.

The research, by the Institute for Fiscal Studies, found that a typical student will graduate with debts of £44,035 under the new system, up from £24,754 under the old regime.
The report follows an admission by the Government that 45 per cent of loans are not expected to be paid back. 


http://www.suttontrust.com/wp-content/uploads/2014/04/payback-time-report.pdf
 

The research, by consumer help website MoneySavingExpert.com, also revealed that the highest earning parents - those earning upwards of £69,803 a year - are now expected to pay over £5,300 a year towards university costs.

http://www.telegraph.co.uk/education/2016/09/26/parents-expected-to-pay-up-to-5372-a-year-towards-university-cos/

 

London is the 5th most expensive place in the world to be a student

http://www.telegraph.co.uk/business/2016/10/06/london-is-the-fifth-most-expensive-place-in-the-world-to-be-a-st/

 

80% of students constantly worry about money

1 in 3 has never budgeted

https://www.oxford-royale.co.uk/articles/statistics-uk-student-life.html

 

5,070 students aged 50 or over claimed maintenance loans in 2013/14, up to 4,510 a year earlier.

Many of those claiming loans are unlikely to ever repay because of rules that mean payments only kick in when graduates earn more than £21,000. The average retirement income is £11,000 and loans are written off after 30 years or when the borrower dies.

http://www.telegraph.co.uk/education/universityeducation/10947400/Rising-numbers-of-over-50s-taking-out-student-loans.ht…

HELLO YOU

You need more information?

You have data and you would like to get a visualisation?

By all means drop us a line!

PING US