18 - The business of student loansExam context - Paper 2, Section AIn July 2024, the BBC reported a significant increase in UK student debt, with almost 1.8 million people owing at least £50,000 ($63,405). Other key findings from the latest government statistics showed:Although borrowers are given a grace period after graduation, the average balance when repayments start is now £48,470 ($61,467), largely due to rising...