Tips to Avoid Student Debt

The recent decision by the Coalition Government to allow Universities to charge up to 9000 a year tuition fees is once again a reminder of just how expensive higher education is in England and Wales today (Scotland has a totally different charging regime for its Universities).

The result of the above decision is that many students starting University in Autumn 2012 could potentially end up with an outstanding debt of £36,000 at the end of their degree. This is a staggering figure to start adult life owing, although the student loan will not become repayable until employment paying in excess of 21,000 p.a is secured. Nevertheless this presents a whole new set of financial challenges for teenagers and young adults.