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News, Student Debt

“Teens ‘underestimate’ study debt” (from 2006!)

“Most parents and students significantly underestimate the amount of money young people will end up owing if they go to university, a survey suggests.

Sixth formers expect to owe about £6,000 when they graduate from university – less than half the average of what graduates actually owe.

The Association of Investment Trust Companies said it was a worrying stance among both students and parents.

The government said its financial package allowed for later repayments.

Students aged between 16 and 19 expect to graduate with debts of £6,199, according to research commissioned by the association.”

Original article

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