Greeks owe 4.3 mln pounds for stu­dent loans

Kathimerini English - - Front Page -

Greek stu­dents owe about 4.3 mil­lion pounds ster­ling in un­paid loans pro­vided to study at Bri­tish uni­ver­si­ties, Kathimerini un­der­stands.

EU stu­dents are el­i­gi­ble for loans to cover liv­ing costs and tuition fees which they are re­quired to start pay­ing back when their own an­nual in­come ex­ceeds the sum of 21,000 pounds.

Ac­cord­ing to fig­ures pub­lished by Bri­tain’s Stu­dent Loans Com­pany, while Greek stu­dents ap­pear to owe about 4.3 mil­lion pounds, Cypriot stu­dents seems to have bor­rowed some 24 mil­lion pounds ster­ling and have so far re­paid about 15.5 mil­lion. Ir­ish stu­dents owe about 3.7 mil­lion pounds, while a to­tal of about 10 mil­lion pounds ster­ling is owed by French, Ger­man and Pol­ish stu­dents grad­u­at­ing in the UK.

Ac­cord­ing to an OECD ed­u­ca­tion re­port, 22,000 Greeks were study­ing in for­eign uni­ver­si­ties in 2012 at both un­der­grad­u­ate and post­grad­u­ate level. Out of th­ese, 36.1 per­cent were study­ing in the UK, 15.8 per­cent in Ger­many, 9.2 per­cent in Italy, 5 per­cent in France and 4.8 per­cent in the United States.

An­nual un­der­grad­u­ate fees at English and Welsh uni­ver­si­ties range from 3,450 to 9,000 pounds ster­ling, while un­der­grad­u­ate study is free in Scot­land.

Over the last five years the Stu­dent Loans Com­pany has dis­bursed more than 117 mil­lion pounds ster­ling to stu­dents from EU coun­tries.

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