Latest Channel 4 News:
Row over Malaysian state's coins
'Four shot at abandoned mine shaft'
Rain fails to stop Moscow wildfires
Cancer blow for identical twins
Need for Afghan progress 'signs'

Student debt soaring, figures show

Source PA News

Updated on 22 June 2010

Student debt is soaring as undergraduates take out Government loans to help pay for their university education, official figures showed.

The Student Loans Company (SLC) lent £5.05 billion in 2009/10, up from £4.2 billion the year before.

Of this, £2.1 billion was taken out in loans by students in England to pay their tuition fees.

The statistics, published by the SLC, are for English home students studying in the UK, and EU students studying in England.

Overall, students and graduates owe £30.5 billion in outstanding loans, including those not yet due for repayment. This is a 2.3% increase on 2008/09 when the total amount outstanding was £29.7 billion.

The statistics also show that more students are borrowing money - there were 2.9 million borrowers at the start of the 2009/10 financial year. That figure now stands at 3.2 million.

The figures come as former BP boss Lord Browne continues his independent review of student funding, which could pave the way for higher fees. It is due to report in the autumn. Tuition fees currently stand at a maximum of £3,225 per year.

University vice-chancellors previously called for a higher cap, while in its written submission to the Browne review the Russell Group, which represents 20 leading research-intensive institutions including Oxford and Cambridge, called for the tuition fee cap to be lifted incrementally, with institutions able to charge different amounts for different courses.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

Send this article by email

Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest Business & Money news

More News blogs

View RSS feed

Faisal Islam on Twitter


Anyone work in a business that has received government notice about their caps to non-EU employment? please get in touch...

Today at 11:16

Follow us

How to tweet

How and why to follow the Channel 4 News family on Twitter.

Most watched


Find out which reports and videos are getting people clicking online.

Channel 4 © 2010. Channel 4 is not responsible for the content of external websites.