Money: After the Post-Finals Party, the Debt Hangover Kicks in ; Clare Francis Surveys Graduate Accounts in the Last of Our Series on Investing for Children
Francis, Clare, The Independent (London, England)
Once the euphoria has died down, the day of reckoning will arrive for students who have just finished their finals. A new survey from Barclays reveals that those graduating this year will be an average of pounds 12,000 in debt.
On a more positive note, the survey also shows that students are becoming far shrewder in their financial planning anOd many are well prepared for the prospect of repaying debts.
The levels of student debt have doubled over the past few years as a result of the abolition of the grant system and the introduction of tuition fees. The prospect of such a financial hangover can be daunting.
"The knock-on effect of no grants and having …
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Publication information: Article title: Money: After the Post-Finals Party, the Debt Hangover Kicks in ; Clare Francis Surveys Graduate Accounts in the Last of Our Series on Investing for Children. Contributors: Francis, Clare - Author. Newspaper title: The Independent (London, England). Publication date: June 2, 2002. Page number: 10. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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