Graduates in England face increasing debt burden, Labour warns

Total interest on student loans set to double to £8.6bn a year by 2024, government figures showGraduates of English universities will be exposed to an increasing debt burden within the next five years, with total interest on undergraduate student...

Graduates in England face increasing debt burden, Labour warns

Total interest on student loans set to double to £8.6bn a year by 2024, government figures show

Graduates of English universities will be exposed to an increasing debt burden within the next five years, with total interest on undergraduate student loans set to double.

The government figures, highlighted by Labour as an example of the “eye-watering” debts being accrued, show that the interest charged on student loans is forecast to rise by £4.2bn to £8.6bn a year by 2024.

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