NatWest: Nearly half of undergraduates will be in part-time employment

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NatWest: Nearly half of undergraduates will be in part-time employment

Three-quarters of a million undergraduates, or 42 per cent, will be in part-time employment in the next academic year, according to NatWest.

The fifth annual NatWest Student Living Index also found that working students will earn the value of the UK's theatre industry - £2 billion.

Nearly 25,000 more undergraduates entered part-time employment in 2008 than in 2007, while 40 per cent of students say they cannot afford to study without working.

According to the index, Plymouth is the most cost-effective place to study while Exeter is the most expensive.

Plymouth students are, on average, £3,510 better off than Exeter ones.

Mark Worthington, head of student banking at NatWest, said increased student awareness of the current climate affects their decision on where to study and whether to work in term-time.

The Guardian's money blog recently reported that last year's graduates started on an average salary of £20,000.

It also said that a survey had found average graduate debt last summer to be £12,363.

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