What happened: A Barclays report reveals that people with student loans save nearly £2,000 less each year for a home deposit compared to those without debt. It also finds that 44% of graduates feel repayments hinder their financial stability, and 41% say it stops them from entering the housing market.
Why it matters:
- Student loan repayments significantly impact the ability to save for a home deposit.
- Nearly half of graduates experience reduced financial stability and housing market access.
MNN Take: Student debt continues to affect graduates' financial planning, limiting savings and delaying homeownership for many in the UK.
Sources: Guardian UK