The recent report findings from the think-tank Reform make an interesting counterpoint to much of the government’s pronouncements on the benefits of higher education. The ‘iPod generation’ (Insecure, pressurised, over-taxed and debt ridden), are according to Reform, facing a combination of rising debts, higher costs of living and low earnings growth, all leading to the prediction that the average 20-35 year old graduate will face a total tax burden of around 48%!

The report goes on to say that for the Class of 2006 student debts and high taxes will leave recent graduates living on an average of £8,500, and the average student will leave university owing almost £15,000, and graduate debt is up 318% since 2000! All pretty bleak .. not that it seems to have deterred many people from going to university.

Of course these figures are for the average student, and I’m wondering what the best strategy for a prospective undergraduate is in face of this new reality .. ?

This entry was posted on Tuesday, September 26th, 2006 at 6:06 pm and is filed under Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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