Student debt is having a negative impact on the saving plans of a number of UK graduates, newly published research has suggested, which may interest
credit card holders.
According to
uSwitch.com figures, these debts have forced as many as 56 per cent of graduate respondents to postpone their saving plans.
Meanwhile, home purchases have been delayed by 48 per cent of respondents to the site's study because of their existing student debts.
The organisation's personal finance expert, Michael Ossei, described the present situation as "a sorry state of affairs".
He added: "Getting a student loan may be the only way to fund university, but it's vital that you get clued up on the system."
Meanwhile, credit card users were also recently encouraged by the uSwitch.com personal finance expert, Stefan Maryniak, to make repayments quickly if they have used such products to buy tickets for next year's Olympic Games in London.
Posted by Martin Peacock.
