Student debt rising to more than £50,000, says IFS

Students in England are going to graduate with average debts of £50,800, after interest rates are raised on student loans to 6.1%, according to the Institute for Fiscal Studies.

 

Those from the poorest backgrounds, with more loans available to support them, will graduate with debts of over £57,000 says the think tank.

 

Interest charges are levied as soon as courses begin and the IFS says students on average will have accrued £5,800 in interest charges by the time they have graduated from university.

 

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