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Student debt in Scotland rises to a massive £2bn

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Published Date: 13 June 2008
By FIONA MACLEOD
STUDENT debt in Scotland has risen to more than £2 billion, according to new statistics.
Despite an SNP election vow to ditch student debt, borrowing increased by 8 per cent to £212.8m in 2007-8 said the Student Loans Company.

Claire Baker, a spokesman for Labour, described the figures as "damning".

At the end of the last financial year there were 370,000 borrowers with nearly three-quarters in the process of being repaid.

The average outstanding balance, which includes people still studying, is £5,550.

But the figures do not include the additional loans taken out to cover graduate endowments after the scheme was scrapped.



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  • Last Updated: 12 June 2008 10:00 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Sierra Foothills Scot,

Diamond Springs 13/06/2008 03:47:14
If this so-called article is the best the Scotsman's "journalists" can do, the paper really is in terminal decline.
2

,

14/06/2008 10:28:24
Comment Removed By Administrator
Reason:
3

Calvinist,

14/06/2008 11:19:38
#1

And the SNP are now finishing the job off by starving Scottish Universities of funding.
4

radge dug,

16/06/2008 19:06:18
Labour are the reason why myself and thousands of others are in debt. The public school freaks that make up Labour's elite all got free further education. Are they making the plebes pay for their priveleged upbringing?

 

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