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Cost of university making students think twice

08 Oct 2008

Cost of university making students think twice The rising cost of university, increasing student debts and the likelihood of finding work after graduating is putting off students starting higher education, it has been reported.

According to new research by Reed, more than half of graduates said they are concerned about finding a job during the economic slowdown, reports Sky News.

Roddy Venkatachellum, who is studying economics at Kingston University, told the news provider: "I considered the debt factor and I realised that even though I could be in debt, hopefully with the job I will be going for I will be able to cover the expenses."

In related news, the number of university leavers finishing their studies and facing a decade of financial difficulty could be on the increase, according to the Guardian.

The paper claims that since 1998, when student loans were introduced, one-third of university graduates have not made repayments on the money they borrowed.

Some 400,000 ex-students are not earning the minimum £15,000 required before repayment becomes compulsory.

Stephen Williams, a Liberal Democrat spokesperson, said: "As the financial crisis worsens the burden on new graduates is going to be even greater."

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