One key finding is that because interest rates on student debt are very high — up to 3 per cent above RPI — the average student accrues £5,800 of interest while studying, meaning they borrow £45,000 but have a debt of £50,800 on the day of graduation. By contrast, the average debt burden on students in the US is far lower at $36,000 (£27,900), even though the cost of tuition varies far more at US institutions. The research comes at a time of heightened debate around student funding. Labour leader Jeremy Corbyn won support from a swath of young voters on the back of his election promise to abolish £9,250 annual tuition fees altogether.

https://www.ft.com/content/3fc14332-60c7-11e7-8814-0ac7eb84e5f1