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News of 16.6% jump in outstanding debt follows Labour’s general election pledge to scrap tuition fees

Student loan debt in the UK has risen to more than £100bn for the first time, underlining the rising costs young people face in order to get a university education.

Outstanding debt on loans jumped by 16.6% to £100.5bn at the end of March, up from £86.2bn a year earlier, according to the Student Loans Company. England accounted for £89.3bn of the total.

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UK student loan debt soars to more than £100bn © Guardian News & Media Ltd

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