Joe Cullinane

Scottish Labour Councillor for Kilwinning

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Student debt in Cunninghame South rockets by almost 400% under SNP

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A freedom of information request by Labour’s Joe Cullinane has revealed that student debt in Cunninghame South has rocketed by almost 400% under the SNP since 2011.

Student debt in the Cunninghame South constituency stood at £4.33million in 2010/11 but had increased to £16.31million by the end of 2014/15.

 

In 2007 the SNP promised to “dump student debt” by replacing “the expensive and discredited student loans system”. In power they have cut grants and bursaries for the poorest students whilst increasing the student debt burden by increasing student loans.

 

Speaking about the figures Councillor Cullinane said,

 

“These figures show that in power, rather than dumping student debt, the SNP have delivered a fresh debt mountain.”

 

“Students from the poorest backgrounds are the biggest losers under the SNP as they have seen their bursaries replaced by loans that they may not be able to pay back.”

 

“This blows apart the myth that Scotland has free education. The reality is that students in Scotland leave college and university with thousands of pounds of debt. The SNP have broken their promise to local students, they have asked to be judged on their record and on student support that record is dumping an ever increasing debt burden on our students.”

 

Financial Year

Total student debt in Cunninghame South (£ million)

2010/11

4.33

2011/12

7.14

2012/13

10.08

2013/14

15.06

2014/15

16.31

 

Source: Student Loans Company -  total debt is the total amount of loan debt at the end of each financial year

 

Financial Year

Average amount of loan debt held by students in Cunninghame South (£)

2010/11

3,400

2011/12

4,230

2012/13

4,960

2013/14

5,950

2014/15

6,440

 

Source: Student Loans Company

 

Financial Year

Total ‘awards’ issued by SAAS in Cunninghame South (£ million)

Total ‘loans’ issued by SAAS in Cunninghame South (£ million)

2010/11

2.003

2.957

2011/12

1.386

3.237

2012/13

1.341

3.304

2013/14

1.066

6.145

2014/15

1.107

6.643

 

Source: SAAS - ‘Awards’= non repayable grants and bursaries. ‘Total’= the total sums awarded to students in the Cunninghame South constituency

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