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All those Pot Noodles and cans of Fosters cost something, and now it seems that the UK’s army of ex-students are paying the price for their university high life.

With the credit crunch firmly taking hold, graduates with student loans to pay off have seen the interest on their debts increase considerably.

It’s believed that former students now owe a total of £3.2 billion, and with more students passing their degrees than ever before, there simply aren’t the jobs around to ensure that it all gets paid back.

Opposition MPs have demanded that the student debt problem is addressed but, with more and more parents taking out secured loans to send their little darlings away to uni, it doesn’t look like there’s going to be an end to the debt spiral anytime soon.