Graduates face 11 years of debt and a life on hold

According to uswitch.com, crippling student debt, which will take 11 years on average to clear, is forcing almost four in ten graduates (38%) to put their life on hold.  Not only are almost 56% of graduates unable to save, but other big life decisions such as getting married or starting a family are also being put off because of student debt.

Some of the startling figures from the research include:

  • Graduates now face an average debt of £21,198 after they finish university
  • Nearly half of graduates are forced to put off buying a home because of student debt, 30% delay starting a family and 29% put off getting married
  • 40% of graduates don’t know the rate of interest charged on their student loan and 14% have no idea what they are being charged on their overdraft

Read the full press release at uswitch.com 

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