The average level of debt among the UK's graduating student community is now around £10,000 accordin...
The average level of debt among the UK's graduating student community is now around £10,000 according to a NatWest survey, which means the issue of school fees planning must go beyond the 18-year-old cut-off level often used at present.
The average level of student debt has shot up from £3,300 to the current level in just three years, and now the Society of Financial Advisers says that significant provisions need to be put in place if planning for the average monthly debt repayment of £200.
Apart from London and parts of East Anglia, this money has to come out of an average starting salary for graduates of around £13,500.
Even the higher £20,000-£25,000 starting salary in London would make it difficult to repay that level of debt.
SOFA says 40% of graduates point to debt as being a major concern.
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