Unexpected debt yield: parents and students in line for rude awakening

July 18, 2013

Students and parents are underestimating the true cost of university, a survey carried out on behalf of the Association of Investment Companies has suggested.

While the average debt for students starting in 2012-13 is expected to be £53,000 upon graduation, the average student expects to leave university owing just £24,436. Meanwhile, parents expect a debt of just £18,333.

Students and parents also differ in their expectations about accommodation. Just 18 per cent of students say they are likely to live at home while at university to save money, compared with nearly half of parents.

The online survey of 1,006 parents and 1,021 students was conducted by market research firm Opinium.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

Daniel Mitchell illustration (29 June 2017)

Academics who think they can do the work of professional staff better than professional staff themselves are not showing the kind of respect they expect from others

celebrate, cheer, tef results

Emilie Murphy calls on those who challenged the teaching excellence framework methodology in the past to stop sharing their university ratings with pride

Senior academics at Teesside University put at risk of redundancy as summer break gets under way

Tef, results, gold, silver, bronze, teaching excellence framework

The results of the 2017 teaching excellence framework in full. Find out which universities were awarded gold, silver or bronze

Thorns and butterflies

Conditions that undermine the notion of scholarly vocation – relentless work, ubiquitous bureaucracy – can cause academics acute distress and spur them to quit, says Ruth Barcan