Debt mountain stalks children, parents - AITC

Research commissioned by the Association of Investment Trust Companies concludes that most teenagers between 15-19 years of age and their parents are walking blind into a mountain of debt because of insufficient provision for tertiary education. About half of teenagers and a third of parents surveyed said they expect average student debt to be less than £6,000 after a typical three-year degree course. That compares to the £11,000 that a Barclays survey has already identified as the true average debt load caused by studying. About four in 10 parents said they did not sav...