Hey there! Sign in to join this conversationNew here? Join for free

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%

    • Very Important Poster
    • Welcome Squad
    Offline

    22
    ReputationRep:
    Very Important Poster
    Welcome Squad
    (Original post by MrsSheldonCooper)
    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.
    You can???? I didn't think you could.

    The issue is, yes it sounds like a massive number but it isn't debt in the traditional sense. It doesn't go onto your credit score. It will never affect your likelihood of getting a loan or morgage, you don't have to pay it off unless you earn masses of money and after 30 years it will be wiped.
    The only time it would cause you trouble is if you went to go and live in a foreign country and didn't arrange to pay it back with SFE. if you did that you could be arrested upon entering the UK and face prison time.
    • TSR Support Team
    • Clearing and Applications Advisor
    Online

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    I'll have about £51,000 debt when I finish, not including interest.
    Offline

    20
    ReputationRep:
    (Original post by Aph)
    You can???? I didn't think you could.

    The issue is, yes it sounds like a massive number but it isn't debt in the traditional sense. It doesn't go onto your credit score. It will never affect your likelihood of getting a loan or morgage, you don't have to pay it off unless you earn masses of money and after 30 years it will be wiped.
    The only time it would cause you trouble is if you went to go and live in a foreign country and didn't arrange to pay it back with SFE. if you did that you could be arrested upon entering the UK and face prison time.

    Yeah you can! Thank the lorddd. The thing about it is though, my parents keep on saying, "Oh with your subject at uni you can't pay the debt off etc you might as well commute to uni from home to save money." Which I don't want at all.

    Considering I can easily pay my fees monthly and juggle other stuff, its the land of milk and honey for me.
    Offline

    18
    ReputationRep:
    (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.
    Sure but does that translate as you're getting 3 grands worth of education for 9 grand or that 9 grand is still a good price for the education given? Also many universities have seen a rise in quality since the fees increased while some top universities stagnated as they saw no reason to increase quality.

    Also for something like languages the modules and topics aren't going to change that much because the subject itself doesn't change. If we were talking something like Social Sciences, Sciences or Engineering, areas which constantly change, then it would be more noteworthy.
    • Very Important Poster
    • Welcome Squad
    Offline

    22
    ReputationRep:
    Very Important Poster
    Welcome Squad
    (Original post by MrsSheldonCooper)
    Yeah you can! Thank the lorddd. The thing about it is though, my parents keep on saying, "Oh with your subject at uni you can't pay the debt off etc you might as well commute to uni from home to save money." Which I don't want at all.

    Considering I can easily pay my fees monthly and juggle other stuff, its the land of milk and honey for me.
    You honestly don't need to pay of the debts. I feel like a lot of people have that misconception. And actually if they don't think you can pay it off anyway and it will be written off you should tell them that it won't really save you money because you loose money from SFE if you live at home.

    However it really seems like you have it all figured out so I wish you the very best of luck.
    Offline

    20
    ReputationRep:
    (Original post by Helloworld_95)
    Sure but does that translate as you're getting 3 grands worth of education for 9 grand or that 9 grand is still a good price for the education given? Also many universities have seen a rise in quality since the fees increased while some top universities stagnated as they saw no reason to increase quality.

    Also for something like languages the modules and topics aren't going to change that much because the subject itself doesn't change. If we were talking something like Social Sciences, Sciences or Engineering, areas which constantly change, then it would be more noteworthy.
    Considering I'm planning to do an Arts subject, I don't think paying 9k would be good value for money considering everything would've been the same a few years back tbh.
    Offline

    18
    ReputationRep:
    (Original post by MrsSheldonCooper)
    Considering I'm planning to do an Arts subject, I don't think paying 9k would be good value for money considering everything would've been the same a few years back tbh.
    That's not really the logic you should be using, it's like someone's asking you is a pound worth more than a euro and you answering "well it was worth more about a month ago so no, it's not worth more".

    Also TIL about the Dutch government offering loans to non-Dutch residents, although the conditions are a bit odd, if you only take the tuition loan you have to pay it back in 15 years but if you take living costs as well you don't and you do it over 35, and to be eligible for living costs you need to work 56 hours per month in the Netherlands for 3 months before applying. Nice repayment situation for studiefinanciering though, 4% above Dutch minimum wage.
    • Community Assistant
    • Welcome Squad
    Offline

    21
    ReputationRep:
    Community Assistant
    Welcome Squad
    (Original post by Plagioclase)
    I'll have about £51,000 debt when I finish, not including interest.


    I'll have £45,600 as a maximum, hopefully if I get good grades this year I will have less . . .

    Posted from TSR Mobile
    Offline

    20
    ReputationRep:
    (Original post by Helloworld_95)
    That's not really the logic you should be using, it's like someone's asking you is a pound worth more than a euro and you answering "well it was worth more about a month ago so no, it's not worth more".

    Also TIL about the Dutch government offering loans to non-Dutch residents, although the conditions are a bit odd, if you only take the tuition loan you have to pay it back in 15 years but if you take living costs as well you don't and you do it over 35, and to be eligible for living costs you need to work 56 hours per month in the Netherlands for 3 months before applying. Nice repayment situation for studiefinanciering though, 4% above Dutch minimum wage.

    Yeah I get you. That's the thing though; uni here or abroad.. Bugs me to this day.
    Offline

    14
    ReputationRep:
    Think this is a tough one to answer, as for example I was in the last batch the for £3000 uni fees and now I am also doing my masters. Does the poll account for different factors too?
    • TSR Support Team
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    (Original post by MrsSheldonCooper)
    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.
    Oh you're considering the Netherlands? Nice. What do you want to study?

    (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.
    Uni is free in some European countries so you don't need a loan, all you have to worry about is living costs. The cost of living in Germany, especially cities in the East, is so cheap compared to the UK. You could rent a whole flat in Berlin for a couple of hundred euros a month. If they had any degrees taught in English which interested me, I'd be over there in a shot.
    Offline

    2
    ReputationRep:
    (Original post by 13 1 20 8 42)
    I think I will be around £64,000 in debt. My family is poor so I am getting pretty much max maintenance loan I believe, and on a 4 year course. So I can't see how someone could have much more unless they borrowed in other ways
    I am furious for today's students. How I complained about my £3500 tuition fee when the generation before got it free now I feel lucky to have had that. And now they've scrapped the maintenance grant for poor students as well so they will leave poorer than rich students as if their families weren't poor enough already. Why aren't you guys more angry about this?
    Offline

    20
    ReputationRep:
    (Original post by Snufkin)
    Oh you're considering the Netherlands? Nice. What do you want to study?

    .
    Yeah I am! I'm thinking either English or European studies

    (Original post by 99_Problems)
    I am furious for today's students. How I complained about my £3500 tuition fee when the generation before got it free now I feel lucky to have had that. And now they've scrapped the maintenance grant for poor students as well so they will leave poorer than rich students as if their families weren't poor enough already. Why aren't you guys more angry about this?
    I'm surprised there wasn't an assassination attempt on the whole cabinet tbh.
    • TSR Support Team
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    (Original post by MrsSheldonCooper)
    Yeah I am! I'm thinking either English or European studies
    Oh loads of options for those subjects! Why not Germany??? :fuhrer:
    Offline

    20
    ReputationRep:
    (Original post by Snufkin)
    Oh loads of options for those subjects! Why not Germany??? :fuhrer:
    I prefer the look of Dutch unis
    • TSR Support Team
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    (Original post by MrsSheldonCooper)
    I prefer the look of Dutch unis
    Germany (and Denmark and Sweden for that matter) are free though! Dutch unis are cheaper than the UK but still overpriced IMO!
    • Very Important Poster
    • Welcome Squad
    Offline

    22
    ReputationRep:
    Very Important Poster
    Welcome Squad
    (Original post by Snufkin)
    Germany (and Denmark and Sweden for that matter) are free though! Dutch unis are cheaper than the UK but still overpriced IMO!
    Cost of living in sweeden is high though. Plus with brexit looming if article 50 has been triggered it might not be free next year.
    • TSR Support Team
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    (Original post by Aph)
    Cost of living in sweeden is high though. Plus with brexit looming if article 50 has been triggered it might not be free next year.
    Accommodation is much cheaper there so the overall cost of living is still a bit lower there than here. Uni will still be free even after article 50 has been triggered, it will stay free right up until we actually leave the EU (and that probably won't happen until 2020).
    • Very Important Poster
    • Welcome Squad
    Offline

    22
    ReputationRep:
    Very Important Poster
    Welcome Squad
    (Original post by Snufkin)
    Accommodation is much cheaper there so the overall cost of living is still a bit lower there than here. Uni will still be free even after article 50 has been triggered, it will stay free right up until we actually leave the EU (and that probably won't happen until 2020).
    I've been told it's much higher and you are limited in terms of work you can do...
    Also I wouldn't be so sure. I've had plenty of uk unis sending me e-mails saying that if I'm an international student brexit won't affect me this year but as of next year they believe that they will be charging the higher rate.
    • TSR Support Team
    • Clearing and Applications Advisor
    Offline

    21
    ReputationRep:
    TSR Support Team
    Clearing and Applications Advisor
    (Original post by Aph)
    I've been told it's much higher and you are limited in terms of work you can do...
    Also I wouldn't be so sure. I've had plenty of uk unis sending me e-mails saying that if I'm an international student brexit won't affect me this year but as of next year they believe that they will be charging the higher rate.
    Whoever told you that is wrong. We will remain in the EU for 2 years minimum after we trigger article 50, so fees will not change next year. I'm an Irish citizen so it will still be free for me whatever happens.
 
 
 
Reply
Submit reply
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: July 27, 2016
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Would you like to hibernate through the winter months?
    Useful resources
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.