YEP Says: Students saddled with debt before life has really begun

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It ought to be a time of celebration, of optimism: graduation day, when student life ends and the exciting next stage of life begins.

Yet that isn’t how it is at all for many young people.

Saddled with a hefty debt and discovering that, unlike previous generations, a degree does not mean a guaranteed job at the end of it, it’s suggested today that as much as a third of young people in Leeds say they regret going to university .

What a dismal, dismal shame - and one that must call to question current policies around higher education.

Almost half of people aged between 18 and 35 said they felt they could have achieved their current status in life without a degree - and be significantly better off in the process.

The report follows a Sutton Trust report earlier this year which suggested, incredibly, that English university graduates faced the highest debts in the world, owing an average of £44,000 when they left university.

The Trust said it feared the abolition of maintenance grants this September would leave the poorest students with debts in excess of £50,000.

‘The cost of going to university has become so expensive that more young people should seriously consider higher level apprenticeships, preferably to degree level,’ it warned.

Millennials in Leeds estimate it will take them 12 years to pay off their student debt.

It’s no way to start a life, is it, plagued with worry about a future that has barely even begun?

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