... and on which interest won't be added until they start earning £18000. The student with the richer parents will fair much worse under the new system. Not only will they leave university with debts to the government of £9000, after a typical three year course, they will also have debts to the banks of £14790 as well as having to find an extra £8787 from another source of personal finance. This means that the students from a richer family would have built up a total personal debt of £32577 whilst at university. (BBC online) Cost/benefit whilst at university The shortfall between the cost of living and the money provided to sustain the student is the main factor why three quarters of working class students do not carry on to study at university. The government planned to remedy this situation using top-up fees and introducing bursaries. For the student from the poorer ...

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