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Student debt.

Student debt.

Students in England are going to graduate with average debts of £50,800, after interest rates are raised on student loans to 6.1%, according to the Institute for Fiscal Studies.

Those from the poorest backgrounds, with more loans available to support them, will graduate with debts of over £57,000 says the think tank.

Interest charges are levied as soon as courses begin and the IFS says students on average will have accrued £5,800 in interest charges by the time they have graduated from university.

Report author Chris Belfield describes the interest as "very high", but the Department for Education declined to comment on the increase in charges.

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