Study Reveals Fears Over Graduate Career Prospects

Fri, 21 Nov 2008

A new university study has revealed the full impact of the credit crunch on graduate prospects for 2009.

According to a survey by the independent university guide, Push.co.uk, students will graduate with the highest level of student debt ever seen in the UK, driven by the introduction of top-up fees in 2006 and the rising cost of living.

Students have also been hit by the Student Loan Company’s decision to double its interest rate to 4.8 per cent – its highest level since 1991.

As a result, graduates will be under more pressure than ever to find a well-paid job as quickly as possible after returning from university .

However, the website suggests that job seeking will be a struggle for many as the companies look to cut staffing costs and reduce their recruitment programmes to survive the economic downturn.
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