Nearly 2 million people now owe £50k or more in student loan debts amid fears 'the system doesn't work'

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Nearly two million people in the UK are currently in at least £50,000 of student debt, new figures have revealed.

Nearly two million people in the UK are currently in at least £50,000 of student debt, new figures have revealed. More than 61,000 have balances of £100,000, and a further 50 owe upwards of £200,000, according to figures from the Student Loans Company.A Freedom of Information request revealed that the highest amount of UK student debt was £252,000, compared to £231,000 only three months ago, an 8.9% increase.

8 million people in the UK having made a student loan payment in the past financial year.The Conservative Party have made no proposals on tuition fees in their manifesto, whereas Labour have said the system "does not work" and that they "will act to create a secure future for higher education".

 

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