Student debt keeps climbing and climbing

Student debt is the highest it's ever been. Leaving graduates worried and anxious about the future. It's estimated that students will leave university with nearly £20,000 more debt than their fellow graduates from the previous years.

£44,000 Debt

Students graduating this year under the new system will be paying back around £44,000 compared to the £24,700 under the old system. The high interest rates on student the loans means that 45% of the graduates will pay back more than they originally borrowed.

£10 billion increase in debt

Research finds that most students will still be paying back loans from their university days in their 50's.

• At the end of 2014-15 total publicly owned debt for English and EU students studying in England was £64.7 billion. 
• The growth in the total amount owed by graduates is illustrated opposite. 
• It stood at £1.9 billion at the end of 1995-96, £3.6 billion at the end of 1998-99 and £8.4 billion at the end of 2001-02. 
• The increase in 2014-15 alone was more than £10 billion.