Those graduates looking for their first UK job have been told to consider their priorities.
The average starting salary for graduate jobs is now £25,500 and Michael Garvey, a chartered financial planner at Edinburgh Wealth Management, stated that it could be a few years before they become debt free after university, so they should think carefully about their choices.
He explained that many will need to continue to use free loans from their parents to help them initially.
"The burden of student debt will also be an inhibiting factor with regards to aspirations like marriage or getting on to the housing ladder," stated the expert.
Many graduates are finding it increasingly difficult to acquire a job when they finish their studies.
The Department for Work and Pensions recently announced that it was going to invest £1 billion over the course of the next five years to help tackle record levels of youth unemployment.
Source: Uknetguide.co.uk, Thursday 8th December 2011
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