Higher Education Funding System Forcing Students Into Debt

Fri, 17 Jul 2009

University students in the UK are being forced into debt because of the way in which funding for higher education is set out, it has been claimed.

Johnny Rich, editor of Push.co.uk, explained that taking out finance is not necessarily a bad thing as long as the reasoning behind it is sound.

"If there is anything wrong here it's that students have to rely on overdrafts in the first place but that's something different altogether," he said.

His comments come after the Student Loan Company revealed the number of student finance applications has increased by 9 per cent since the 2007-08 academic year.

Meanwhile, new research suggests that the economic recession is making it difficult for parents to finance their children through university .

An annual survey by the Association of Investment Companies found that almost three-quarters (74 per cent) of parents are feeling the strain of the recession.

It also revealed that 42 per cent of students believe it will take them more than ten years to clear their higher education debts .
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.