According to MyFinances, the online news resource for personal finances, the ever-rising cost of university is making it even harder for graduates to get onto the property ladder.
Newcastle Building Society points out that from September 2006 universities in England and Northern Ireland can charge tuition fees of up to £3,000 a year, representing a 155% increase on what is paid currently. When added to other costs, this year's freshers are set to rack up some £30,105 in debt, National Union of Students figures show. This will mean graduate debt will eclipse the average deposit for a first-time buyer home - now at £23,067.
