vrijdag 19 juni 2009

How I'm facing up to the harsh reality of poor prospects and serious debt

Various investigations show us that students in the UK have difficulties with managing their own bank accounts. They do not save their money but spend it right away and the average student debt is £15,700 which will take more than 12 years to repay. Results of these investigations also show that students worry a lot more about their financial situation than two years ago, but they do not seem to take action. In the past few years people started to pay of their debts as soon as they graduated. This might be more of a problem in the upcoming years because at this time of recession, graduates have difficulties finding jobs.


In my opinion students should pay more attention to what they spend. Of course it is normal that you get a loan when you cannot pay for all those years of education, but I do not think it is necessary to have enormous debts with an average debt of £15,700. I understand that student’s life is great and I really enjoy it as well, but you have to make boundaries for yourself or otherwise you will finally graduate and go to work, but still have to pay for many years for you study.

http://www.guardian.co.uk/education/mortarboard/2009/jun/19/students-debt-recession
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2 opmerkingen:

  1. Rianka24 juni 2009 om 10:56

    Dear Nienke,
    You have written a good summary, it is clearly for me to understand what the article is about. I also agree with your reaction, some students really have trouble with their spending habits.
    I just found one minor error in your summary, which is about the punctuation in the second sentence. I think you will notice it when you read it again.

    See you tomorrow!
    Rianka

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  2. Teun Klieverik10 juli 2009 om 14:52

    Dear Nienke,

    The summary is very good! Clearly written and very to the point.

    Your reaction seems good, but I think that you should also take in account the fact that some students do not finish their education in 4 years. Some even take more than 7 years to find an finish an education. Also, how many of these loans are used to pay private schools, which are much more expensive than the regular.

    Regards,

    Teun.

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