Student Debt Up 700%
Student Loans Company puts total debts at £13bn
24th June 2005
Figures from the Student Loans Company have revealed that 'publically owned' student debt (i.e. that incurred through the loans system rather than through banks etc) now stands at over £13bn, up over 700% from the figure of less than £2bn 9 years ago.
The figures were given to MPs in a written reply by Universities Minister Bill Rammell.
The average student debt was now nearly £8.5k for 2003-2004 compared to £3.5k just 4 years earlier in 1999-2000.
Read More: BBC Report
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More on Student Debt : Student Debt Levels Up Again (News, 15/08/2006), Cash Flow Rather Than Debt the Biggest Worry (News, 05/04/2005) |
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