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 You are in: Education | ||||||||||||||||||||||
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Thursday, 31 January, 2002, 12:39 GMT
'My student debt will top £26,000'
Students are facing heavier debts
The prospect of a £26,000 debt does not seem to worry science undergraduate Reece Howe.
He is expecting to land a top job after leaving University College, London, and to shrug off his debts pretty quickly. He is not in favour of a return to student grants if these have to be paid for by a "hefty unending graduate tax". He told BBC News Online: "If you include my student loan, my debt is at about £17,000 at the moment and will be £19,500 by the end of this academic year.
Reece is in the third year of a four-year course in astrophysics, having repeated the first year. He survives on a student loan, topped up with wages from a part-time job which he does for 10 hours a week. Like roughly 50% of under-graduates, he is exempted from paying tuition fees. He does not receive financial support from his family - and does not worry about his growing debt. "I'm not too bothered about the size of my debt, because repayments won't be crippling," he said. "I'm intending to have a big salary at the end of it, so a hefty unending graduate tax wouldn't be preferable to me, but might to people who are put off university by the large debt."
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