UK student debt continues to rise
- By: Kay Brennan, Navin Chohan
Student debt in the United Kingdom is soaring with a widening gap between those from a higher and lower social background, according to new research into university life.
The report by Unite, an organisation that provides student accommodation services in the UK, was based on a survey of 1063 students in October and November 2001. It found that student debt had increased by 26% in the past year. This is up £877 to £4023, with many from poorer backgrounds being overwhelmed with debt.
Students overall anticipated owing £8133 at the end of their course, up by £1107, with those from lower income households expecting to be £9376 in the red. Many medical students and those in their third and subsequent years already owe more than £10 000.
The student living report carried out by the polling company MORI questioned those in full time undergraduate and postgraduate education in the UK.