How to handle student debt

While a hefty student debt can be cause for concern, it's important to remember it is a debt unlike any other, says Ruth Jackson.

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Don't worry about debts until you're in work
(Image credit: Stephanie Zieber)

The cost of a university education has soared in recent years, due to the combined effects of rising tuition fees and hefty interest rates on student loans. Borrow the full amount each year for a three-year course and you'll owe £50,000 when you graduate with almost £6,000 of that being interest charges.

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Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.