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Myth-Busting Mondays: How much debt does your average student graduate with? Watch

  • View Poll Results: How much debt does your average student graduate with?
    Around £44000
    115
    17.97%
    Around £47000
    119
    18.59%
    Around £40000
    57
    8.91%
    Around £52000
    141
    22.03%
    An absolutely silly amount!
    208
    32.50%

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    (Original post by PHD2027)
    when you say graduate, do you mean a undergraduate graduating or a postgraduate graduating?
    Undergraduate

    (Original post by Observatory)
    I find these "myth busting" threads in which a poll invites us to choose between several nearly identical options slightly insulting.

    If you believe that the average student leaves university with a thousand quid in debt or a million quid in debt then I think it is reasonable to say they believe in myths, not if you just can't choose between 44,000 and 47,000.
    I wanted to make it hard! If I did the options 'too low' - Say £30,000, people would immediately know it's not that because a 3 year undergraduate degree costs - at the very minimum, £27,000 and so would know it's not £30,000. If I do it too high, you have the reverse problem; hence the options being reasonably similar

    (Original post by -spirituality-)
    ayo, what's the answer pls
    It'll be revealed tomorrow
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    (Original post by Deyesy)
    I wanted to make it hard! If I did the options 'too low' - Say £30,000, people would immediately know it's not that because a 3 year undergraduate degree costs - at the very minimum, £27,000 and so would know it's not £30,000. If I do it too high, you have the reverse problem; hence the options being reasonably similar
    If everyone knows the answer then you are not busting a myth. Calling it myth-busting when everyone actually knows the answer implies everyone is stupid.

    Maybe rename the series Trivia Tuesdays?
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    (Original post by Observatory)
    If everyone knows the answer then you are not busting a myth. Calling it myth-busting when everyone actually knows the answer implies everyone is stupid.

    Maybe rename the series Trivia Tuesdays?
    I can see what you're getting at with this one but many of them do actually try and bust myths and not everyone does know the answer because if they did, the polling figures would be heavily in favour of one choice - which they're not
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    (Original post by Deyesy)
    I can see what you're getting at with this one but many of them do actually try and bust myths and not everyone does know the answer because if they did, the polling figures would be heavily in favour of one choice - which they're not
    They don't know the answer to 0.001% precision but you have already said you only need to make the answers extremely similar because everyone knows more or less what the answer is.

    Like I know a car weighs about a tonne but I do not know that a Ford Mondeo weighs 1507kg.
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    (Original post by Observatory)
    They don't know the answer to 0.001% precision but you have already said you only need to make the answers extremely similar because everyone knows more or less what the answer is.

    Like I know a car weighs about a tonne but I do not know that a Ford Mondeo weighs 1507kg.
    Noted I'll shall pass this on to the rest of the Support Team who also do Myth-Busters so hopefully next time this won't be the case.
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    I want to study veterinary medicine which is a five year course. I'll have a student debt of between £80,000 and £95,000, depending on if I where I study (London/not London)
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    Assuming a majority do a bachelors and get ~£15000 per year from the student loans company I'd put it at about £15000 * 3 which is ~£45000, it's probably more around £44000 though as I assume there are more middle class in university than working class hence why I voted for ~£44000.
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    I am really starting to re-consider going uni now. Might start looking for another option.
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    meh, a career in investment banking should cover any of the numbers here :smug:
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    (Original post by MrsSheldonCooper)
    If I chose to go uni here, I would come out with well over £60,000 in debt I think.

    However, if I went to uni in the Netherlands, I'd probably come out with savings and no debt. I'm obviously hoping to go the latter.

    I was speaking to my German friend the other day and she didn't even believe me when I told her how expensive the fees were
    It's expensive but you get what you pay for, there aren't many European universities which can compete with those in the UK, only really the Swiss universities do so reliably. You also get a lot more support with living costs in the UK so while maintenance may cost less you also need to find it which isn't an easy task when you're talking 6-7k+ per year.
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    God bless the NHS - no tuition fees and a bursary - half way through a 4 year course accumulating a yearly debt of approximately £2300 from SFE so in total less than £10k. Pity the new starters from 2017 who won't get NHS funding though
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    The one thing every university student has the joy of sharing together is that they're all indebted to the government. It's the most perfect form of control. They have all of you, the countless millions, by the genitalia(proverbially speaking). I really hoped that young people were smarter than they let on after the 2012 fee hike. It should have meant lower numbers which would have forced the universities to cost cut to appeal to prospective students and force the government to go back on it as a result of lesser demand. But no, you all chose to line up as sheep ready for slaughter, imploring even more young people to join in on the slaughter as well. It makes me feel sound in my choice not to go. It may have been a good investment a decade ago but supply/demand economics finally caught up and the grads end up worse off than when they started. What a shambles.
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    The theoretical maximum student debt number could be bonkers huge. Imagine a student who started off doing a foundation year, then another 3 years for the main degree plus one or two for the masters. You're talking probably near £100,000 in debt right there
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    Lived at home and worked part time. Only £12,000 debt over 5 years (BSc and MSc)



    Was one of the lucky few before all students were done over!
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    Will post the answer around 5pm once I'm home from Manchester
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    (Original post by Deyesy)
    Will post the answer around 5pm once I'm home from Manchester
    tenks
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    Apologies for the lateness, I had about two/two and half hours sleep last night and passed out sleepiness wise

    Well done to those to guessed that graduates leave university with around £44,000's worth of debt! ^_^
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    (Original post by Helloworld_95)
    It's expensive but you get what you pay for, there aren't many European universities which can compete with those in the UK, only really the Swiss universities do so reliably. You also get a lot more support with living costs in the UK so while maintenance may cost less you also need to find it which isn't an easy task when you're talking 6-7k+ per year.
    I beg to differ. I know its anecdotal evidence but it kind of backs up my reasoning as to why university here isn't great value for money imo anyway.

    My cousin went to Oxford to do Languages a few years ago and he did the same course as my sister, who graduated this year. She picked a few modules that he had also picked when he was at uni and the work/tasks set were literally the same. The main difference was my cousin went to uni for £3000 a year and my sister paid £6 grand more.

    I'm looking at an open day for unis abroad so depends really on if I like it or not.
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    (Original post by MrsSheldonCooper)
    I beg to differ. I know its anecdotal evidence but it kind of backs up my reasoning as to why university here isn't great value for money imo anyway.

    My cousin went to Oxford to do Languages a few years ago and he did the same course as my sister, who graduated this year. She picked a few modules that he had also picked when he was at uni and the work/tasks set were literally the same. The main difference was my cousin went to uni for £3000 a year and my sister paid £6 grand more.

    I'm looking at an open day for unis abroad so depends really on if I like it or not.
    The issue you will have is you can't get student loans when you go abroad so have to self fund everything. Also student loans aren't really loans but a graduate tax.
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    (Original post by Aph)
    The issue you will have is you can't get student loans when you go abroad so have to self fund everything. Also student loans aren't really loans but a graduate tax.
    You can get a loan from the Dutch government that cover your uni costs and you pay monthly. And in my case, I don't mind about that because I have money saved and am planning to work for another year.

    I wouldn't mind going to uni here but coming out with a tonne of debt doesn't sound nice to me.
 
 
 
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