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Summer jobs for students 'difficult to find'

Students trying to find work for the summer have found there are fewer jobs on offer, according to a poll.

Seasonal work has been harder to come by, according to students. Credit: PA

The survey, commissioned by The Student Room website, found 79% of the 529 students quizzed thought there were very few summer jobs available.

However, around a fifth (19%) found it easy to find seasonal work to earn money to see them through the upcoming academic year.

Students were earning money by sorting through dirty clothes, dressing up as seafood and stuffing Christmas crackers, the poll found.

Nearly half (45.7%) said they would be working in the retail industry, more than a fifth (22.6%) said they would be working in hospitality, such as bars and restaurants, 15.1% said office work, 10.6% said they would be doing internships and the others had secured other types of work.


Student loan system 'out of control'

The Association of Teachers and Lecturers (ATL) said the student loan system is "out of control" and in need of urgent review.

The government has made it hard for most medium-earning graduates to ever pay off their loans by trebling student fees, basing interest payments on RPI plus 3%and raising the minimum level at which they start to repay their loans.

The result, as the NAO report reveals, is an unbelievable accumulated debt of £200 billion in 30 years’ time. It is grossly unfair that some graduates will be saddled with paying all their lives to subsidiseother students’ debts because the authorities won’t be able to trace graduates who go abroad or move in and out of work.

– Martin Freedman, director of economic strategy at the ATL

Hole in student loan repayments 'particularly troubling'

Former students who the Government has no financial record of are "particularly troubling" according to a tax think tank.

Robert Oxley from the Taxpayer's Alliance raised concerns the Department of Business, Innovation and Skills (BIS) had already given up on finding the £5 billion in loans that was now unaccounted for.

He told Daybreak BIS often lost track of students who moved abroad, or former EU students and suggested the problem was already worse than thought.

A previous study about a year ago, suggests 40% of EU students, the department had no idea where they were and no idea how much they were going to pay back.

And that's why the department built into its own figures, it's not expecting 35% of that amount to be paid back. That's particularly troublesome at a time when cash is short.

– Robert Oxley of the Taxpayer's Alliance

Govt denies student loan repayments are a problem

The Department of Business, Innovation and Skills (BIS) has denied it is failing to chase students who are not repaying loans, despite accusations over £5 billion is missing from the coffer.

A spokesman said the National Audit Office (NAO) report instead demonstrated their "effective and efficient process" for collecting repayments.

The report demonstrates that there is an effective and efficient process resulting in high collection rates at a low cost which we believe demonstrates good value for money.

We need to ensure that all borrowers who are earning over the relevant payment threshold are repaying their loans including those who have moved overseas after leaving their course.

We are continually improving the collection process for borrowers and we will carefully consider the NAO's recommendations as part of this programme.

– A spokesman for the Department of Business, Innovation and Skills

Overseas students behind '£100m' on loan repayments

A further 14,000 students now living abroad are behind on their repayments leaving a total debt of £100 million, according to the National Audit Office (NAO).

The NAO also found:

  • Outstanding students loans are forecast to quadruple from £46 billion to around £200 billion in today's prices by 2042.
  • At the same time, the number of borrowers due to repay is estimated to rise from three million in 2012/13 to 6.5 million in 2042.
  • More than a third (35%) of new loans taken out are not expected to be repaid, according to Government figures.
  • Around half of students are not expected to fully repay their debt.
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