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average 50 per cent of students do not have enough money to
pay back their student loans.
This has
been highlighted by the Student Loans Company, which shows
that 150,000 more people have fallen below the £15 thousand
income level required to begin paying back their loan
within the last year.
At the
moment over 700 thousand of the 1.3 million graduates who
began their university courses in 1998 or later are not earning
enough to pay back their loans
and the wages of one quarter of these have never risen above
the £15,000 barrier since they left university.
It is
depressing that so many students are earning below what would
usually be considered a graduate salary. This figure is bound
to rise as the new cohort enters a tough jobs market.
In February,
the Universities' Central Admissions Service revealed that,
compared to 2008 figures, there has been a 7.8 per cent rise
in the number of people applying for university places this
year.
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