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

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. Continue reading...

By Simon Goodley