Proposals for the future of universities unveiled today by the CBI (Confederation of British Industry) could push already debt-ridden students further into the red, The Independent reports.
Suggested cuts in maintenance grants, increased fees and higher loan repayments have been branded `offensive` by students` leaders.
The NUS (National Union of Students) president, Wes Streeting, commented: “Students are already leaving university with record levels of debt while graduate job prospects are at an all-time low.”
A spokesperson for company Gregory Pennington added: “Many graduates will be facing life after university without a stable income and may find it difficult to repay their debts – so it`s worrying to hear that funding may be cut.
“However, it`s not just students who will be struggling at a time like now. Many people have suffered a drop in income, and are having to take on debt just to afford day-to-day living costs.
“We would advise anyone struggling to meet their everyday expenses or service their debts to speak to a professional debt adviser without delay.”
Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.
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Tags: Debtstrapped Students, Students
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