Student finance issues leading to gap year uptake

Fri, 06 Jan 2012

An uptake in the number of young people heading on a gap year is likely to result from greater pressures on student finances .

Will Jones, marketing manager at Real Gap, has suggested the travel industry is anticipating a rise in the number of would-be university goers opting to go backpacking because they were unable to avoid an increase in tuition feesn.

Undergraduates may have been concerned that such added costs would have placed a greater strain on their student finances and meant paying back their loan became even harder.

Mr Jones added: "There is also likely to be more focus on CV enhancing activities such as vocational work experience trips and paid work abroad."

He pointed out the high level of competition in the graduate job market will see youngsters travelling overseas in order to gain greater experience and to make their job applications stand out.

His comments come after Judy Reith, parenting coach and author at Parentingpeople.co.uk, recently observed the financial commitments involved when paying back a student loan, coupled with poor starting salaries and high rents, are resulting in many graduates returning home to live with their parents.
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