Debt now main incentive to abandon university says survey

Half of all students who abandon their university programme before sitting their final exams now say that high levels of debt are their main motivation, says new research.

The figure shows the impact that debt is having on students in the UK, says student-debt.org, which compiled the figures.

The average graduate now owes £15,000 on graduation, despite the best efforts of both them and their family to cover the costs of studying.

Almost half of all students (45 per cent) work more than 16 hours per week during their terms and 81 per cent do so during their holidays.

More than half (58 per cent) receive around £5,000 in assistance from their parents during their time at university, but three fifths still struggle financially.

“The financial pressures associated with a course of higher education should not be underestimated,” a spokesman from student-debt.org.uk said.

“These results show that university is as much about hard work outside the classroom as within it.

“The majority of students do budget, but if they are to emerge from university financially stable, it is increasingly vital that they are well educated about how to manage their money.”

© Adfero Ltd

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