Newly graduates are in debt

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Newly graduates belong to the fastest growing group of those in debt.

In fact, having to face increased university fees of £9,000 a year, students can easily leave with debts of £36,000.

According to the Office for National Statistics (ONS), there has been a sharp jump in the number of university students since 2008, despite the dramatic increase in the tuition rates, which became effective in 2012.

The proportion of young people undertaking work alongside full-time study, however, has been falling since the year 2000.

What is going to happen to the 12 million graduates we have in the UK?

Even though last year figures show that people with a degree are more likely to be employed than those who left education with qualifications of a lower standard, there is still a great demand for jobs and not many positions available.

Paying off debts is a major concern for many British graduates who sometimes make just enough money for that purpose, but find it hard to handle living expenses.

According to Dom Anderson, Vice President of the National Union of Students (NUS), graduates leave university with debts not only because of the high fees they have to pay. 

Another issue that should be tackled, in fact, is the amount of maintenance grants students receive. It has not been increased according to the rising cost of living.