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Student debt problems 'could increase'

Student debt problems 'could increase'

- Tuesday, 18 May 2010

The National Union of Students (NUS) is concerned that a newly published report by the Russell Group which suggests that the cap on tuition fees should be removed, will lead to more student debt.

On average students leave university with £20,000 worth of debt but under these new recommendations they could be faced with debt amounting to more than £40,000.

Aaron Porter, NUS president-elect, said: "The Russell Group's proposals would lead to many students leaving university with mortgage-style debts of more than £40,000 when times are already very tough for graduates and young people."

He added that this would be a "nightmare scenario".

Mr Porter believes that the recommendations are short-sighted, do not reflect the current economic climate and that institutions have not improved their quality since top-up fees were introduced in 2006.

On May 14th the Russell Group, which represents 20 UK universities and whose members include Oxford and Cambridge, suggested that the only way to secure the future of universities in the UK is to make graduates contribute more.

It believes this is the fairest way to pay for higher education because it will lower the amount the tax payer has to contribute.ADNFCR-2300-ID-19783769-ADNFCR
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