"One graduate in the UK has become the face of the crisis, now owing more than £314,356 in student loans, which is more than the cost of an average British home."
"While the average graduate is leaving university with around £45,000 in debt, 10 graduates now have loans exceeding £267,000, according to new figures from the Student Loans Company."
"More than 150,000 people across Britain now have loans exceeding £100,000, a figure that had jumped by a third in just 6 months, as interest compounds on balances."
"In the U.S., student debt has topped $1.7 trillion, while about a fifth of Gen Zers worldwide are classified as NEETs, locked out of the job market."
A UK graduate now owes over £314,356 in student loans, surpassing the average home cost. The average graduate debt is around £45,000, with 10 graduates exceeding £267,000. Over 150,000 people in Britain have loans over £100,000, a figure that has increased significantly. Living costs and compounding interest are outpacing wages, causing financial strain for graduates. This issue extends globally, with U.S. student debt exceeding $1.7 trillion and many young people classified as NEETs, unable to find stable employment despite their degrees.
Read at Fortune
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