Student debt estimates are 50% of reality

A study commissioned by the Association of Investment Trust Companies found students estimate their average level of debt at graduation will be £6,199, when it reality the actual figure is more like £13,500, particularly as students now have to pay top-up fees. Parents estimated the final figure would be around £1,000 more at £7,080 by the end of a three-year term, but this still leaves parents “seriously unprepared for the levels of debt they are likely to be burdened with on graduation”, says the AITC. Yet at the same time, research based on the performance of investment trusts reveals ...