#sixteen ?17 mil are loaned to pupils yearly
step one.step 3 billion college students apply for a loan from year to year; ?17 million is given in college loans in order to the pupils the educational 12 months.
#17 The current interest rate to possess United kingdom student education loans try six.1%
1% and that accrues high attention fees – pupils are obligated to pay ?5,800 when you look at the focus before it scholar! The fresh new rising interest levels features a critical impact on the general increase of college student personal debt.
#18 5.step 3 billion people in the united kingdom have outstanding college student debt
The full amount of individuals in the uk that are obligated to pay beginner obligations are 5.step three mil, which shows a rise off six% out of previous ages. Read more