Graduate debt ‘a third of average mortgage’, says charity

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New graduates in England face average debt levels of more than a third of the average mortgage, research suggests.

When they start paying back their maintenance and tuition loans, this year's graduates will owe at least £41,000, The Money Charity says.

Average outstanding mortgage debt is £117,162, the researchers say.

The government says the student loans system is fair and sustainable and that higher education boosts employability and earnings.

Rising rents

Rising maintenance loans and the higher tuition fees of £9,000 a year for…

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