English Students In More Debt than Other UK Students reports Jubilee 2000 UK

(EstateNewsWire.com, December 25, 2012 ) England, U.K -- Students in England have been shown to hold almost twice as much debt as those in other parts of the United Kingdom, according to a newly released report.

Undergraduates in England hold an average accumulated student loan of £43,500, regardless of where in the U.K. they study. This, according to Credit Action, which is a charity that promotes financial awareness in all sectors.

Students in Scotland, Northern Ireland, and Wales who choose to study in their home country expect to have debts between £22,000 and £25,000 by the end of their stint.

The Student Money Manual 2013 found that there an addition £9,000 that is spent on tuition fees for English students. It appears that those who study in England receive the lowest amount of grants from the government and other organizations. Grants work as loans without having to be paid back.

Maintenance grants be applied for students from a household with an income below £42,611 per year. The grants range from £50 to £3,354 per year. The latter is allocated to students from families that generate less than £25,000 per year.

Welsh students have a threshold of £50,020, and each student can receive almost twice 60% more than the English maximum. Scottish students tend to hold the lowest debt, even with spending a full year longer at University.

Now, there are charities that urge students to make smart and well-planned outlooks for how they intend to pay for the schooling.

Michelle Highman, who acts as chief executive officer of Credit Action stated: "A degree is a fantastic investment, which can pay for itself in a number of ways including higher salaries and increased opportunities, but we want all students to be able to make a balanced decision about how much student loans may cost them, and to be aware of interest charges and repayments.”

She continued by stating "There are arguments that you'll never pay back your student loan. The chances are that, because of your higher graduate salary, you will. Do the sums for yourself, get educated about interest rates, and make an informed choice."

About Jubilee 2000 UK:

Jubilee 2000 UK (http://www.jubilee2000uk.org) provides visitors with information and services to help handle their debt management and consolidation processes. Learn about how the company can help anyone find the light at the end of the tunnel with many helpful tools and solution options.

Jubilee Debt Management

Customer Service

0203 627 5763

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Source: EmailWire.Com