The Debt Clinic

Let's Make Your Finances Better

Easy Product Advisor

Which solution is right for you?
Our test will give you an unbiased look at which service can help you

Scots Students have more than £2 billion of Debt

The Student Loans Company has revealed that levels of student debt in Scotland have reached the £2 billion level.

The company said that in a single financial year, university students took out a hefty £212 million-worth of loans.

The ruling Scottish National Party faced attacks over the sum, as it has pledged previously to limit the debt levels of Scottish graduates.

Scottish Liberal Democrats education spokesman, Jeremy Purvis accused the administration of failure, suggesting that, apparently, things have changed for the SNP since it made such commitments.

Mr Purvis said, "After a year in office they are now presiding over an increase in the very student debt that they had promised to write off.”

His Conservative counterpart, Murdo Fraser added that the level of student debt reported by the loans company did not even give the true picture, as it does not include outstanding sums accrued through credit card debt and personal loans.

Those debtors north of the border could try to clear debt using a Scottish trust deed.

Trust Deed News posted on 23 June 2008

Have your say - Post a new Comment!

Heading:
Comment:
Anonymous:
Email:
Name:

Over-55s Hit Hardest By the Credit Crunch

New research has found that rising rents and bills are forcing older people to cut their outgoings.

uSwitch Survey Makes Grim Reading in Deed

As the credit crunch continues to take a bite out of over 14,000 Scottish people who filed for bankruptcy last year many lenders are predicting that increasing mortgage repayments will only serve to push thousands more into the red and beyond.

emailAddress();