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  • Writer's pictureKenneth Gibson MSP

Scotland has the UK's Lowest Level of Student Debt

Scotland has the lowest student debt levels in the UK as a result of the SNP Government’s free tuition for Scottish-domiciled students studying at university here.

In England, under the Tories, they would have to pay tuition fees of £9,250 a year.

In Wales, under Labour, they would have to pay tuition fees of £9,000 a year.

The average debt for students in England is now £44,940, £35,780 in Wales and £15,430 in Scotland.

Scottish borrowers are also charged lower interest rates than most borrowers from the rest of the UK, where interest on student loans is as high as 7.3%.

The SNP Government has also increased higher education student support packages by £900 for 2023-24.

This raises support for students who may be disadvantaged, including Care Experienced, estranged students and those from the lowest household incomes from £8,100 to £9,000 as another step in the SNP Government’s commitment to providing a package of student support equivalent to the living wage.


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