Thursday, November 11, 2010
Revealed: Crippling 30-year Graduate Debt Trap Will See Parents Paying Instalments as Their Children go to University
Graduates on modest incomes face an effective tax rate of 45 per cent and crippling debts for most of their working lives, a Money Mail investigation has discovered.
Radical reforms to the level of tuition fees and the way loans are repaid will leave many in debt until their mid-50s - by which time they'll be wrestling with putting their own children through university.
Tuition fees are set to rise to as much as £9,000 a year while living costs can be up to £8,210 a year, according to the NatWest Student Living Survey.'
Posted by DotConnector at 09:30