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University tuition fees - to scrap or not to scrap

The subject of tuition fees is on the agenda today with the main political parties setting out their views on whether the university fees of £9,000 a year should be scrapped or not.

In the meantime there is concern that the interest rates being charged for student loans to pay tuition fees are causing students to get into high levels of debt before they have even graduated.

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'At 18 I didn't understand implications of my student loan' - 2 years after graduating interest totals £4,000

Calls for more financial education

There are calls for young people to receive more financial education, especially with the high levels of debt some students owe when leaving university - having taken out loans to pay for their £9,000 a year tuition fees.

Nearly half of all young people - now go on to higher education. If Labour or the Greens win the election next month university tuition fees of more than £9,000 will be scrapped.

Other parties propose to restore maintenance grants, waive repayments for teachers who stay in the profession or even just abolish tuition fees for certain subjects. However the reality is that tens of thousands of young people currently leave University with huge debts, of typically more than forty thousand pounds.

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