The class of 2008 faces unprecedented levels of debt and is struggling to find jobs as the credit crunch takes hold.
Students who graduated from university this summer have apparently never have had it so bad. Many borrowed tens of thousands of pounds in student loans on the assumption that they would walk into well-paid employment.
But graduate recruitment has been suspended or reduced by some companies as they struggle to stay afloat. Rather than taking their first step on to the career ladder, graduates are instead moving back in with their parents and accruing interest on debts as they look for work.
One graduate from the London School of Economics said: “I thought after I got a masters degree from a world-renowned school that I would have an easier time finding a job. I was wrong.”
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Saturday 4 October 2008
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