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LATEST NEWS & EVENTS Personal insolvency: University debt concerns 'have increased'  Those with experience of personal insolvency matters might be interested to learn that a high proportion of parents have claimed the recession has intensified the burden of university costs. According to the Association of Investment Companies, 82 per cent of mums and dads believe it has become more difficult to fund their children through higher education. This may partly be due to the fact that the average amount of debt projected for a 2011 graduate is more than £21,000. The study showed that 49 per cent of students believe it will take them more than ten years to pay off their debt. In addition, many parents are keen to make sacrifices in order to see their children fulfil their academic ambitions. Specifically, 23 per cent of those polled claimed they would give up their annual holiday for this purpose. Nevertheless, the Office for National Statistics recently indicated that that UK unemployment rate is falling. Posted by Fiona White 
Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News |
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