Students racking up debt in UK

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    British students are borrowing [color=red]record[/color] amounts to pay for their studies , new goverment [color=red]figures[/color] revealed last week .
    The total amount [color=red]loaned[/color] to university students [color=red]rose[/color] by 32.2 percent last year to nearly 4 billion .
    Most of the money loaned to students in higher education during 2007-08 was used to [color=red]cover[/color] living [color=red]expenses[/color] , a total of 2835.5 million , up 10.4 percent on 2006-07 .
    The amount borrowed to cover [color=red]tuition[/color] fees rose 176.7 percent on 2006-07 , totaling 1,069.5 million in 2007-08 .
    The Student Loans Company was owed 21944.3 million at the end of the 2007-08 [color=red]financial[/color] year by 2.7 million borrowers . Of these , 1.7 million had started [color=red]repaying[/color] their loans .
    Stephen Williams , the [color=red]Liberal[/color] [color=red]Democrat[/color] higher education [color=red]spokesman[/color] , said :" [color=red]In addition to[/color] their loans , students are also [color=red]racking up[/color] thousands of pounds of [color=red]commercial[/color] [color=red]debt[/color] through [color=red]credit cards [/color]and bank [color=red]overdrafts[/color] .

2008-07-11
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