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Average student debt?

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  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
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    littlepinkstars44 wrote: »
    Wow i am shocked when i hear about people leaving uni with £20k worth of debt! How do you manage to run up that much?

    Im in my 4th year of having my student loan and tuition fees paid for me, and my debt is only £5000ish. I have one more year to go, bringing me up to about £7000ish debt in total over 5 years of studying.

    You're in Scotland and you live at home.
  • littlepinkstars44
    littlepinkstars44 Posts: 2,950 Forumite
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    bumpoowee wrote: »
    well exactly, if you get it paid for you then your debt will be substantially lower. If you paid the £3k a year yourself you would owe an extra £12k.


    what is the £3k a year for?
  • littlepinkstars44
    littlepinkstars44 Posts: 2,950 Forumite
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    Oldernotwiser wrote: »
    You're in Scotland and you live at home.
    does that make a difference? I still pay rent
  • bumpoowee
    bumpoowee Posts: 589 Forumite
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    littlepinkstars44 wrote: »
    what is the £3k a year for?

    Tuition fees. You said you don't pay them - most people do.
  • littlepinkstars44
    littlepinkstars44 Posts: 2,950 Forumite
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    bumpoowee wrote: »
    Tuition fees. You said you don't pay them - most people do.


    I do have tuition fees. But the student loan company pay them, and it gets added to my total debt with the student loan company
  • bumpoowee
    bumpoowee Posts: 589 Forumite
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    littlepinkstars44 wrote: »
    I do have tuition fees. But the student loan company pay them, and it gets added to my total debt with the student loan company

    Ok - how much are your tuition fees? As I understand it in England they are generally £3k a year - somebody else mentioned you are in Scotland so you may have got lucky in this respect.
  • Oldernotwiser
    Oldernotwiser Posts: 37,425 Forumite
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    littlepinkstars44 wrote: »
    does that make a difference? I still pay rent

    I'm sure you've said that you pay £150 per month to your mother; many students would be paying 3 times that just for rent.

    Scottish students don't pay tuition fees which is why your debts are so low.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
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    bumpoowee wrote: »
    Ok - how much are your tuition fees? As I understand it in England they are generally £3k a year - somebody else mentioned you are in Scotland so you may have got lucky in this respect.

    If you are English up in Scotland they are around £1-2k. If you are Scottish its all free.
  • bumpoowee
    bumpoowee Posts: 589 Forumite
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    Lokolo wrote: »
    If you are English up in Scotland they are around £1-2k. If you are Scottish its all free.

    Another mystery solved.
  • littlepinkstars44
    littlepinkstars44 Posts: 2,950 Forumite
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    bumpoowee wrote: »
    Ok - how much are your tuition fees? As I understand it in England they are generally £3k a year - somebody else mentioned you are in Scotland so you may have got lucky in this respect.

    the past 3 years in college my course fees were £1250 a year.
    This year for uni its £1650
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