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Graduates now facing record debt of £30,000

By PA Reporter

Published 22/06/2015

The first students to pay the increased tuition fees will face higher debts than the previous intake
The first students to pay the increased tuition fees will face higher debts than the previous intake

New graduates can expect debt of more than £30,000 after leaving university, according to a survey.

The class of 2015, among the first to pay £9,000-a-year university tuition fees, are looking at a sharp rise from an average debt of £20,400 the previous year.

The UK Graduate Careers Survey 2015 also found they expected to earn £23,700, a £700 increase on last year and the largest annual rise in seven years.

And more than one in six of the 18,412 final-year students who took part in interviews expected to be earning £100,000 by 30.

Some 26% expected to start a graduate job after university, while 37% had a definite job offer by Easter in their final year thanks to either work experience or applying for positions early.

Martin Birchall, MD of High Fliers Research, which carried out the survey, said: "Although the class of 2015 faces the highest-ever graduation debts, the proportion uncertain about their future is at its lowest level for 17 years. By researching their options earlier, they have prepared thoroughly for the graduate job market."

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