Studying - for a degree and debt!

You study at University. There are onerous fees to pay. You graduate - with a huge debt.

As The Age reveals today:

"Debt from university fees is growing by about $2 billion a year, leaving some students with the equivalent of a small home loan by the time they graduate.

The federal Department of Education estimates debt from HECS and loans to cover full-fee degrees will rise by at least 10 per cent a year until the end of the decade.

If it continues at this rate, the amount owed will double in six years, from $10.2 billion in 2003-04 to more than $20 billion by 2009-10."

There can be little doubt that this ever-increasing debt - read the article here - will impact not only on students post University but the economy, and general landscape, of the country [think ability to purchase a home!] as a whole.

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