Almost every consecutive year, established information sources, are repeating news on escalating student debt in UK. The only difference is in the numbers highlighted in the reports. The statistics and thus the student loan debt problems tend to swell further with every new statement published. Higher education in UK, with the startling trends indicating inflated student debt issue in forefront, is now being treated more like typical debt problems, rather than desired investments.
Student Debt Issues
The high cost parameters associated with higher education and thus student loan and debt issues in UK, have no longer provided enough scope for learning to be feasible for all sections. Ever increasing education costs and therefore obvious debt problems have impelled many, especially those from the not so well-off sections of the UK society, minority sections and international students, to re-consider their intentions to pursue higher education from an established UK university.
Part time employment opportunities are sought as an immediate solution to decreasing student debt problems in UK. This is essentially indicative of the diluted focus from during education – academic activities.
Attitude to debt problems refrains from taking up any education at all.
Lucrative loan schemes, as offered by various UK universities, happen to be one of the prime criterions for taking up admissions.
A substantial proportion of those comprising the UK study section have already started considering university as a bad investment option, all in reference to the profound increase in student debt in last few years. The trade off between borrowing money i.e. applying for student debt or immediately joining the labour market, witnessed a transition towards the latter.
An attempt to exercise the possible strategies that could minimize higher education fee and thus restrain the likely debt problems, have restricted the learning choices available otherwise.
Is the Student Debt Relief Enough?
The above-presented overview of prospective student’s outlook on education related debt problems caused by loans, leads to an obvious doubt on the sufficiency and functioning standard of student debt support and relief systems. Had the student debt support system been efficient, the reported implications might not have been this severe. Increasing student debt has posed a serious question on the operational efficacy of the UK higher education support machinery.
In the same context, students have also reported issues with information transparency and implicit complexities, which worsen the UK’s student debt misery further.
Student Loan Debt Relief
Student debts in UK are at an all time high. These debt problems have resulted in various alternate solutions to student debt, which in all ways must be immediately encountered. This is possible, only by collaborative effort from all involved. Funding agencies for instance, need to closely review the existing system and provide for immediate subsidiaries and thus counter student debt problems in UK. Institutes could attempt increased awareness among all and provide student loan debt relief. However, until the time, stated and many more substantial steps to curb the student debt menace are brought into practice, students need to exercise patience and deal with debt problems at their respective levels.