Medical student debt is increasing
The average debt incurred by UK medical students has increased by 22% over the past 12 months, says the 1999-2000 survey of medical students' finances published by the BMA's Medical Students Committee (MSC) last December. The increase represents an extra £1062 of debt per medical student.
The average amount of medical student debt was £5979, with the highest figure reaching £27 350. The total debt incurred by students was found to rise markedly as their studies progressed (graph). The average first year debt totals £3230, and increases to £9434 in the final year of study. It is thought that student loans account for 71% of the average total debt.
“The issues of rising debt and inadequate funding are rapidly becoming a fundamental problem for medical students,” commented Kate Duffield, chairwoman of the MSC. “There's a real concern that talented and enthusiastic students from less affluent backgrounds are being denied the