STUDENTS are now expected to graduate with up to £30,000 in debt due to soaring fees and living costs, according to Lloyds Bank figures released today.

Its number-crunchers say student debt rose more than 15 per cent in 2014 alone.

National Campaign Against Fees and Cuts spokeswoman Hattie Craig told the Star: “From the beginning, it has been pointed out that this [student loan] funding regime is not sustainable.

“The cost of living as a student is soaring, with rents increasing year on year.

“It is unsurprising that students are finding themselves in deeper and deeper debt and the cuts to student grants are only going to make this worse, particularly for poorer students.”

Chancellor George Osborne’s most recent Budget opened the gates to further rise in tuition fees, proposing an end to the £9,000 a year cap.