Hpwtodeal with your debt

摘要

If you wanted to take up juggling, you would have joined the circus, not gone to university. So how come each month has become a balancing act between keeping debt collectors from the door, keeping up the minimum repayments on the credit card and the bank balance out of the red? And that's before we get started on the student loan. Never before has university been so expensive, and that leaves most students and graduates firmly in one place - debt. Students graduating this summer will owe an estimated £21,000 (estimated to rise to £53.000 after the fee hike in 2012), and a survey commissioned by utilities company uSwitch.com of 1000 recent graduates found that nearly 70 per cent had underestimated how much debt they would be in. Twenty per cent of student-loan holders also wrongly believed their loans were interest free.