For free debt advice from Debt Advisers Direct


Student debt `has tripled since 2002`

02/11/2009

Today, the average student will graduate with £23,000 of debt - three times as much as was the case in 2002 - according to the recent Push Student Debt Survey.

Most of today`s graduates have to `contend with an avalanche of debt`, as well as an increasingly difficult job market. So says the Guardian, in an article which looks at how graduates are coping with the practical and psychological issues which debt can cause.

The article quotes a couple of recent graduates. One talks of putting most of her MA debt on a credit card, while another describes the feeling of living in a "culture of debt" in which her deteriorating finances "almost didn`t mean anything. You know you`re not the only one facing big debts - all of society is too."

Over the last ten years, according to Dr Ruth Caleb, Head of Counselling at Brunel University, there has been a significant rise in the number of students looking for help with their money worries. She noted that being in debt tends to lead to other problems too, such as `depression, social difficulties and conflict in relationships`.

"Many talk about their mounting debts," said Dr Caleb. "It`s a package, really: rising debts often come with other problems."

The article also points out that levels of debt among students vary from region to region and from course to course. In Scotland, for example, levels of debt have fallen. And people studying medicine can have £50,000 of debt, or even more.

---

Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in
Fill in our form, an expert will call you back
Title:
First name:
Surname:
Telephone 1:
Telephone 2 :
Email:
By continuing, I agree to the privacy policy
Debt Advisers Direct © 2010 All rights reserved. Debt Advisers Direct is a trading style of Freeman Jones Limited.
Carlton House, Vere Street, Salford M50 2GQ. Company registration No. 4348410. Registered in England and Wales