After all the late night partying of university, what is the one major hang over that most students are complaining about when its all over and theyve graduated? The answer is student debt. Student debt levels continue to rise every year as banks and other lenders throw more and more credit their way while they are still studying. It seems as if the banks have plenty of faith in graduates being able to pay back the loans, and most graduates would confirm this. What is causing graduates stress is not toe overall levels of debt they have racked up while studying, which still averages under 15,000, but the fact that they have to pay such a high proportion of their new wages in debt servicing.
Graduation and the start of your working life are supposed to be a time of relative prosperity and the privations and economies of the student years should finally be over. However, more and more graduates are reporting that they have to pay so much in loan repayments that they are just as badly off as when they are students.
For example, a huge proportion of student debt is made up of government sponsored student loans, which come from the Student Loan Company. The repayment...
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