Home loan fears rob students of a gap year
The rising costs associated to higher education are forcing more students than ever to skip the possibility of travelling during their gap year.
Student loans, expensive accommodation fee’s and the prospect of being unable to buy a home for some time after leaving higher education, are the primary factors, which are influencing some 70% of students to revaluate their decision to go travelling.
As an alternative, pre graduates are opting to work long and hard during their gap year, as a means to save as much as possible towards their future. For many, the prospect of attaining a decent sized deposit towards a home loan, thus avoiding unfeasibly large financial commitments at the end of their education has become of paramount importance.
One expert commented that it was truly a sign of the times, where market conditions have become so harsh, that students are now forgoing what is considered by many to be the icing on their educational cake. Good times and new experiences are unfortunately taking a back seat to the commitments of modern life, namely being able to own their own home.
