56% of graduates will be repaying student loans in their fifties ...

From: Think Money - 8:25am - August 15, 2012

According to research by the Institute of Fiscal Studies, over half of graduates will still be paying off student loans in their fifties. This comes as maximum annual tuition fees are set to rise to ?9,000. The average graduate debt stands at ?22,127 at the moment - but it's set to rise to ?37,658 once the fees rise in September 2012. Although some institutions will charge less, 64% of students are set to be charged the full ?9,000 tuition fee. Full article: 56% of graduates will be repaying student loans in their fiftiesVisit: www.thinkmoney.com

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Source: http://ewallstreeter.com/of-graduates-will-be-repaying-student-loans-in-their-fifties-5956/

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