employment 4 students - The UK's most visited student jobsite


Rose-tinted financial specs?

27 Jul 2007

Rose-tinted financial specs? Both students and parents underestimate the cost of a university education, new research suggests.

This year's school leavers will be off to university in a couple of months - but it might be a good idea for them to earn a bit more money before they go.

The Association of Investment Companies recently produced its annual survey, which revealed that both students and parents seem to be wearing rose-tinted spectacles where finance is concerned.

Would-be students estimated their average level of debt on graduation would be under £8,000 - and parents thought it would be under £10,000.

Both groups could be in for a shock. The average debt on graduation is currently estimated at £13,252.

However, students do seem to be prepared to work while they study to make ends meet. While one in five expected their parents to pay for their time at university, almost a third planned to work their way through it.

And students have also thought about funding their travels overseas. Of those planning to take a gap year, 53 per cent said they would work their way round the world, while 31 per cent had saved up the money in advance.

Find your perfect job now!

Register now to let employers find you and be notified about the latest relevant jobs