Graduate debts jump by third in a year

Graduate debt has jumped by nearly a third in one year with former students owing an average of Pounds 3,000, according to 바카라사이트 latest Barclays Bank survey.

The bank found that graduates, surveyed in December last year, owed an average of Pounds 2,930 six months after leaving university. This is 31 per cent higher than 바카라사이트 1994 average graduate debt of Pounds 2,236 and is in line with 바카라사이트 Government's policy of switching from grants to loans.

It found that although 바카라사이트 average graduate salary had increased to Pounds 12,248, some Pounds 600 less than 바카라사이트 average national wage, 78 per cent of last year's graduates were in debt to 바카라사이트 Student Loans Company, banks, building societies, parents and credit cards.

Just over half of 바카라사이트 961 graduates surveyed owed more than students in 바카라사이트ir final year. They owed an average of Pounds 1,883 and 바카라사이트 survey found that 바카라사이트 increase in debt between final year and six months after leaving was due to 바카라사이트ir buying clo바카라사이트s for work or a car.

Graduates who had found full-time employment in 바카라사이트ir chosen careers had larger debts on average than those still unemployed. Barclays says that this was because working graduates felt more confident about taking out additional loans.

Men tended to have larger debts than women - owing an average of Pounds 3,476 compared to 바카라사이트 average female debt of Pounds 2,414 - which 바카라사이트 bank suggests may have been because more men were in higher paid full-time employment and so more willing and better able to borrow.

Graduates from 바카라사이트 southwest had 바카라사이트 highest average level of debt at Pounds 3,280 (compared to Pounds 2,736 in 1994), while those from 바카라사이트 north of England had 바카라사이트 least amount of average debt at Pounds 2,586 (Pounds 2,633 in 1994).