Around one in four considers university debt ‘pointless’
Nearly one in four young Britons thinks that university debt is a waste of money and time, new research has indicated.
According to figures from Engage Mutual Assurance, 24 per cent of people aged between 18 and 24 years-old believe the exercise is pointless.
The average £30,000 debt the company has calculated from tuition fees and student loans is also not worth the hassle for 26 per cent of parents aged between 45 and 54.
And Karl Elliot, 3GB spokesperson for the firm, added that young people need to take caution before they borrow money.
"Increasing costs of university and housing mean that young adults will have to think carefully about how much they save and how they invest," he said.
Next year's university starters will be revealed in August when A-level results are published by colleges around the UK.
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