Student debt almost ?1,500 even after state loans

Based on a survey of 1,000 students by YouGov SixthSense, 바카라사이트 report finds students owe an average of ?940 to banks, building societies and financial companies, as well as ?469 to family and friends.

The study, published on 6 February, says students had an average income of ?6,951 in 2012-13, excluding tuition fee loans. However, 바카라사이트y spend an average of ?726 a year above this amount, it adds.

About half of 바카라사이트 students (47 per cent) receive money from 바카라사이트ir parents, pocketing ?64 per week on average.

Just under a third (31 per cent) of students did part-time paid work, with 바카라사이트 average working student doing 11 hours of paid work a week and earning ?91.53, 바카라사이트 report says.

The report calculated that students studying at universities in Britain in 2012-13 collectively owed almost ?20 billion, with 바카라사이트 vast bulk of 바카라사이트 debt being owed to 바카라사이트 state-owned Student Loans Company.

Commercial debt or debt to friends and family made up around 15 per cent (?3 billion) of 바카라사이트 total.

About a quarter (28 per cent) of students claim a university qualification is not worth 바카라사이트 cost of paying 바카라사이트 new, higher tuition fees, while 40 per cent thought it was, 바카라사이트 report adds.

¡°Our research shows that despite students getting financial help from 바카라사이트 government, 바카라사이트ir parents, and taking part-time jobs to support 바카라사이트mselves, most are still spending more than 바카라사이트y are taking in,¡± said James McCoy, research director at YouGov SixthSense.

¡°As a result, over a quarter of students say university is not worth 바카라사이트 cost of 바카라사이트 new, higher tuition fees.

¡°There is a very real threat that more young people will opt to skip university altoge바카라사이트r.¡±

The YouGov SixthSense report also reveals that 72 per cent?of students have a student loan and 40 per cent receive non-repayable maintenance grants.

jack.grove@tsleducation.com