‘73% of UK graduates still in debt in 50s’

April 10th, 2014

FAKE NEWS for the Zionist agenda

A new research has warned of a sharp rise in education debt levels in Britain, with three in four graduates still paying off student loans in their fifties.

The study entitled “Payback Time?” was carried out by the Institute for Fiscal Studies (IFS) for education charity Sutton Trust.

It assessed the impact of the British government’s changes to university tuition fees that were introduced in England from September 2012 despite protests from students and warnings from academics.

Under the new system, maximum tuition fees were set at £9,000 a year, almost treble the previous fees which stood at about £3,000.

Researchers found that today’s students leave university with an average debt of £44,000.

They also suggested that 73 percent of students will fail to clear their debts and may only have them written off 30 years after graduating, by which time they could be in their mid-fifties.

“We estimate that students will leave university with nearly £20,000 more debt, on average, in 2014 prices (£44,035 under the new system compared with £24,754 under the old system),” the study said.

“The vast majority of this increase is the result of higher fee loans to cover higher tuition fees.”

The research also found that middle-income professionals such as teachers face re-paying up to £25,000 a year throughout their forties, the period when many will be raising families and servicing large mortgages.

SSM/HSN/HMV

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