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