New research shows that Scottish graduates are facing a total of more than £1.8 billion of debt after leaving university, a figure which could inspire people to move quickly into the job market. Official figures indicate that the overall amount owed to the Student Loans Company in Scotland increased from £1.65 to £1.84 billion between the 2005-06 and 2006-07 school years, the Herald reports. Meanwhile, the average student graduates with between £16,000 and £18,000 worth of debt, the data reveals. However, skilled graduates may take comfort from the fact that they are in high demand in Scotland, according to a study by the Bank of Scotland. More than half of the recruiters polled said they had seen an increase in placements during July, while one-quarter reported pay rises. To address the student debt crisis, the Scottish Executive has been encouraged to act quickly regarding the Scottish National Party's election promises on replacing loans with grants.
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