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Write off up to 75% with help from Government Legislation

Write off up to 75%
with help from
Government Legislation

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About Your Debt

About You

It is important for students to take their debts seriously, it has been emphasised.

Director of Credit Action Chris Tapp said the government often portrays the message that a student loan is not really a problem for graduates.

"People don’t understand the difference between a student loan and things like overdrafts, credit cards and those kinds of debts," he suggested.

Mr Tapp believes 18 year-olds should become more independent when it comes to their finances and should avoid debt management issues wherever possible.

Students are often given a loan without it being fully explained, he claimed, which is another area of improvement he believes should be developed.

A recent study from Push.co.uk found that students who started at university last year can expect to owe nearly £21,200 by the time they leave and new students should expect at least £2,000 more than this figure.

The national average projected debt on graduation stands at £15,812 but, at six universities, the figure has already broken the £25,000 mark.

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