Graduates amass more debt than first anticipated, suggests a Norwich Union report, as an additional £1800 is needed just to get themselves through the office door.
A study of over 500 university and college leavers indicates the cost of work clothes, books and equipment, a car and grooming tends to cost the average graduate an extra £1800 to start their first day’s work, alongside the average £13,000 debt amassed during their studies. NU suggests the cost of preparing for the working environment is: Work clothes - £230 Books and equipment - £50 Car - £1500 Grooming - £24 NU suggests there is a further financial shock for most graduates as their starting salary is often around 30% lower than they had expected to earn once they graduate. An...
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