Article 74DWG Student debt eats away home deposit savings to tune of £2,000 a year, says Barclays

Student debt eats away home deposit savings to tune of £2,000 a year, says Barclays

by
Simon Goodley
from World news | The Guardian on (#74DWG)

Repayments also affect financial stability of nearly half of graduates, according to report by UK bank

People with student loans who are working towards a home deposit save almost 2,000 less per year than those without the debt, according to a new report by Barclays.

The bank also found that 44% of student loan holders claim that repayments limit their ability to build long-term financial stability, while 41% say it prevents them from entering the housing market.

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