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Why Does The Student Debt Increase

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Why Does The Student Debt Increase
According to the Student Loans Company, the figures show that the student debt, which held by UK government reached £73.5 billion in March 2015. The amount is more than the double in 2010 which is £35 billion and indicates the debt increased £11 billion year-on-year. The reason why the student loan increased is due to the increase of tuition fees in England and Wales. In order to reduce costs, the government increased the universities tuition fee cap from £3375 to £9000 per year. Most students requested a student loan for their undergraduate tuition fees.

The repayment for the graduates who began their studies before 2012 is less than those started their studies after 2012. First of all, students who started their course before 2012 avoided
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