Debt burden now £12k

August 13, 2004

Graduates shoulder an average debt of £12,000 by the time they leave university, according to a survey by NatWest bank.

NatWest said that, thanks to rising student loans and overdrafts, the average graduate debt had increased fourfold in the past five years. The Government disputed the bank's figures and said that "independent and reliable" research had put average graduate debt at £8,666.

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