Over half of Â£9000 a year graduates didn't get value for money, new NUS report says
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A new NUS Report examines the attitudes of graduates on post-2012 fees – and finds 56% don’t think uni was worth the money. Debt in the first Degree looks at the views and behaviours of the first graduates paying £9,000 a year, based on a questionnaire in which graduates give their opinions on student debt, the price of study, and the value of their university experience. 77% of graduates said that they were “worried” or “very worried” about their student debt; 43% thought their debt repayments would impact their standard of living; and a third of BME graduates were concerned about interest rates, viewing student debt as negatively as any other kind of debt. This contradicts the idea that debt incurred through attending university is “good debt”, as opposed to “bad debt” incurred through bank loans, credit cards and over-extended overdrafts. Sorana Vieru, Vice President (Higher Education) at NUS said: “These results show how the myth of consumer empowerment is being questioned by graduates who, on reflection, are able to see that the quality of the student experience is not linked to an increase in tuition fees.” She also pointed out that many students chose their university based on how much it would cost them; this if anything disempowers the consumer, limiting their options and decreasing social mobility.
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