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Especially when it's "NS for Sporns and free scholarships for FTrash"?
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>British grads face huge debts, tough job market
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->London - British students of the class of 2008 have never had it so bad.
Many who have graduated from university this summer face unpre-
cedented levels of debt and an uphill struggle to find jobs as the credit crunch takes hold, The Times of London reported.
Most have 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 frozen or cut back by some companies as they struggle to stay afloat, it said.
Mr Richard Wainwright, UK business group CBI's head of education and skills policy, told The Times: 'Young people who go into the workplace thinking the world owes them a living aren't going to do well.
'Just having a good degree isn't good enough anymore. The job market is going to get more competitive. A lot of firms have put recruitment freezes in place.'
Real World, a graduate recruitment agency, said that those wanting to enter the banking and construction industries had been worst hit.
Founder Darius Norell said: 'Banks that are recruiting are taking on fewer people, and some banks have just stopped completely. It means the competition is that much more intense.'
One graduate from the London School of Economics was quoted as saying: 'I thought after I got a master's degree from a world-renowned school that I would have an easier time finding a job. I was wrong.'
The National Union of Students estimates that members accrue an average of £12,500 (S$32,000) a year in debt - almost £14,000 in London - so it is not unusual for graduates to be more than £30,000 in debt, according to the Times report. For many students, moving back in with their parents is the cheapest option, but this is not without its drawbacks. Counsellor Christine Northam said that some parents are having a hard time coping themselves.
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>British grads face huge debts, tough job market
</TR><!-- headline one : end --><!-- show image if available --></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->London - British students of the class of 2008 have never had it so bad.
Many who have graduated from university this summer face unpre-
cedented levels of debt and an uphill struggle to find jobs as the credit crunch takes hold, The Times of London reported.
Most have 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 frozen or cut back by some companies as they struggle to stay afloat, it said.
Mr Richard Wainwright, UK business group CBI's head of education and skills policy, told The Times: 'Young people who go into the workplace thinking the world owes them a living aren't going to do well.
'Just having a good degree isn't good enough anymore. The job market is going to get more competitive. A lot of firms have put recruitment freezes in place.'
Real World, a graduate recruitment agency, said that those wanting to enter the banking and construction industries had been worst hit.
Founder Darius Norell said: 'Banks that are recruiting are taking on fewer people, and some banks have just stopped completely. It means the competition is that much more intense.'
One graduate from the London School of Economics was quoted as saying: 'I thought after I got a master's degree from a world-renowned school that I would have an easier time finding a job. I was wrong.'
The National Union of Students estimates that members accrue an average of £12,500 (S$32,000) a year in debt - almost £14,000 in London - so it is not unusual for graduates to be more than £30,000 in debt, according to the Times report. For many students, moving back in with their parents is the cheapest option, but this is not without its drawbacks. Counsellor Christine Northam said that some parents are having a hard time coping themselves.
