Don’t Let Debt Get You Down

Great article in the Sunday Times today on students and debt. With UK students starting out with an average student loan debt of £13,500, it is no wonder why it is easy for graduates to not be able to work in their fields.

Students just out of university are just at the beginning of their professional lives. This is often the time when entry level jobs in their desired fields are offering experience without much financial reward. However, student loan repayments can create a financial monster on the students back and cause them to have to forgo a great entry level job in order to feed the loan.

The article also contains some very good eye opening financial facts for students. For more information about student bank overdraft charges as high as 29.8 per cent and fee-free student issued credit cards, be sure to read the Sunday Times article. Two good resources on student debt are milkround and Student Finance Direct.