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

Most Commented

Worried man wiping forehead
Two academics explain how to beat some of the typical anxieties associated with a doctoral degree

Felipe Fernández-Armesto takes issue with a claim that the EU has been playing the sovereignty card in Brexit negotiations

Female professor

New data show proportion of professors who are women has declined at some institutions

John McEnroe arguing with umpire. Tennis

Robert MacIntosh and Kevin O’Gorman explain how to negotiate your annual performance and development review

Man throwing axes

UCU attacks plans to cut 171 posts, but university denies Brexit 'the reason'