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Tuition fees now contribute to over £9k of debt after three years of studying, and the figure is set to rise for 2009-10. |
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A three-year degree with living expenses can cost £32,667 (NUS) |
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84% of parents are willing to make sacrifices to support their child at university – including 66 per cent foregoing a new car; 54 per cent sacrificing their annual holiday; and 40 per cent even forfeiting an early retirement (Association of Investment Companies) |
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Increased studying and living costs in England and Wales has caused student debt to rise by 31% since 2002 (Natwest ‘Student Money Matters’) |
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Since the elimination of grants, student debt has increased by 544% and now totals over £5 billion (NUS) |
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Parents are now paying more than £500 million towards university costs every year. (10th Barclay Student Survey) |
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3/4 of working class young people who decide not to pursue higher education cite lack of money and fear of debt as the main reason. (Universities UK, Attitudes to Debt) |
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1/4 of students in term time work to make ends meet (myfinances.co.uk) |
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Working 16 hours or more per week negatively affects final year mark, often making the difference between an upper and a lower second. (Universities UK, Student Debt and Term-Time Working) |
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In 2009-10 tuition fees are set to rise again…
English-resident students studying in England will pay tuition fees of up to £3,225 a year. Welsh-resident students studying in Wales will pay tuition fees of up to £3,225 (offset by a non-means-tested, non-repayable fee grant of up to £1,940) Northern Irish-resident students studying in Northern Ireland will pay tuition fees of up to £3,225. Scottish-resident students studying in Scotland pay no tuition fees. (timesonline.co.uk) |
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