Student loans are an everyday reality for thousands of students in the UK. The average debt for a graduate in England is £32,220, but it can be more than £50,000 for students from poorer families on a four-year course.
One can look at these and other numbers and make mathematical statements: What is the average time it will take a graduate to repay the loan? How to model the average value of a university degree compared to the hopefully higher salary of a graduate with the loan owed to the Student Loans Company. We ask our first-year students at Brunel to create a simplified model of their projected income and loan repayment. It is usually an educational experience for them.