New student debt average hits £20k

This represents a 5% increase – or more than twice the official rate of inflation – on the same time last year for the 1,900 students surveyed, the BMA says. For those on six-year courses the debt load averages more than £22,600. One-in-10 surveyed had debts of more than £25,000, about 100 owed £30,000 or more, while one owed more than £55,000. The average basic annual salary for a first-year junior doctor is £20,295, the BMA adds. The government currently is launching consultation on proposals put forward by Pensions Commission head Adair Turner at the end of November, which called f...