Graduates in England face highest debt in English-speaking world.

‘English graduates are facing the highest debt levels in the English-speaking world, higher than the US, Canada, Australia and New Zealand, according to new research.
Those who graduated from English universities last year - under the £9,000 fees regime - owe an average of more than £44,000, data from the Sutton Trust shows.

However, debts can rise up to £50,000 for poorer students, the charity warned.

This follows fears that the UK is losing bright students to Ivy League universities, like Harvard, because of rising fees at home and more grants available abroad.

There are also fears British students may decide to study in places like Germany where tuition fees are virtually non-existent and where the availability of courses in English has increased in recent years.’ - Telegraph

‘This glaring difference in student debts is also because of the generous scholarships available to US university students, including the Ivy League. They finish with £23,000 in debt despite a graduate course lasting four years in the US compared to three years in England.’ – International Business Times

‘The [Sutton Trust] report recommends:

  • the Business, Innovation and Skills (Bis) Select Committee should report on higher education funding and provision each year, assessing the impact of changes on disadvantaged students, as well as mature and part-time students
  • better co-ordination between higher education ministers from England, Scotland, Wales and Northern Ireland to rationalise student funding policies across the UK
  • an investigation by the Office for Budget Responsibility into the impact of the latest changes to grants and loans, to ensure value for money for students and taxpayers
  • stronger evaluation of university spending of £750m a year on outreach and access programmes, to maximise their impact’ - BBC

 

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