REBA
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8th September 2016
Trend update: How student debt is crippling pensioners (of the future)
Since it was introduced in 1990, the amount of debt being heaped onto the shoulders of British students has rocketed.
In the first year of the debt funding coming into force, the average student took on debt worth £390 a year, whereas in the 2015/16 academic year (up until November 2015) this had climbed to a whopping £12,330 – now that’s a lot to spend on baked beans and vodka shots!
In total, graduates have now taken on in excess of £49bn of student debt since 1990.
But what does this mean